[aimanbenbaha]

Bytedance is privately held. With a 20% stake by founders and employees. Divesting according to the bill terms would have them giving away portion of their most precious IP that is the fyp recommendation system. Any reasonable company would refuse to totally divest and create a competitor just because a government said so. Also TikTok makes money for advertizing to the entire world not just the US.

[AnthonyMouse]

It's not "give away" when they get to charge the market price for it. They presumably also wouldn't inherently even have to split up the company, rather than e.g. do an IPO for the entire global enterprise.

[aimanbenbaha]

The valuation and acquisition process of the US branch of TikTok would take more than 8 months as outlined by the language of the bill. So it's already forcing them to receive chump change for it. Besides I don't think any company's strategic decisions like this should be solicited by a government. That goes against the free enterprise.

[ramblenode]

A forced sale will not get near the price as a deal you can walk away from. Two very different markets we are talking about.