A handful of American finance and tech tycoons, including Steven Mnuchin and Bobby Kotick, are gearing up for multi-billion dollar bids to acquire TikTok. However, they face challenges in untangling the app from its Chinese parent company ByteDance.
Buyers are likely to not gain access to TikTok's algorithm, a key technology that keeps users engaged, potentially needing to rebuild it from scratch. Analysts estimate TikTok's valuation over $100 billion, raising hurdles for potential buyers.
Regulatory scrutiny from bodies like the Federal Trade Commission, under Lina Khanâs leadership, poses additional challenges for potential buyers looking to acquire TikTok. Leading tech giants like Meta and Apple are unlikely contenders.
#tiktok-acquisition #american-finance-tycoons #bytedance #regulatory-scrutiny #tech-industry-challenges
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