A board member at TikTok’s parent company, ByteDance, has indicated that a deal to prevent the app from disappearing in the United States is likely to be finalized soon. General Atlantic CEO Bill Ford, who sits on ByteDance's board, made the statement during an Axios-sponsored event in Davos, Switzerland.
Ford emphasized that it is in the best interest of all parties involved to ensure the app remains active. He mentioned that negotiations could be concluded by the end of the week and highlighted the importance of involvement from the Chinese government, the US government, the company, and the board in finding a resolution. Ford suggested that there are potential solutions that do not involve divestiture.
