A major shareholder of ByteDance expressed confidence in securing a deal to keep TikTok operational in the US, especially after President Trump delayed a national ban. Bill Ford of General Atlantic indicated that all parties, including the Chinese government, US authorities, and company management, need to engage constructively. He mentioned potential terms could be reached that might not involve divestiture, criticizing the Biden administration for lacking dialogue on the divestiture deadline, while the Chinese government has softened its stance on a forced sale.
Bill Ford, CEO of ByteDance shareholder General Atlantic, said 'it's in everybody's interest' to hammer out an agreement following Trump's order. 'The Chinese government, the US government and the company and the board all have to be involved in this conversation.'
Ford emphasized that there might be terms 'short of divestiture' that would satisfy US authorities, but did not elaborate on what those might be.
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