![]() The American Civil Liberties Union, the Electronic Frontier Foundation and other civil liberties groups strongly oppose the bill banning TikTok. "This would absolutely draw the ire of the Chinese government." "I can't even think of a precedent where you have a platform with more than 100 million users out there all of a sudden get banned," said CFRA's Zino. ![]() In 2020, CFIUS also pressured the Chinese owner of Grindr to sell the dating app to a U.S.-based company.īut a move to outright ban a software program would be unprecedented, lawyers and technologists said. It had previously put together a bid for TikTok in 2020, when the Trump administration tried to force a divestiture.ĭuring the Trump administration, the federal government moved to ban network hardware made by Huawei and ZTE, two Chinese telecom gear manufacturers, on national security grounds. U.S.-based Oracle is currently working with TikTok on its efforts to segregate Americans' data to its servers. Industry analysts told Insider that both Microsoft and Oracle were potential buyers. That rules out Meta and YouTube, which is owned by Google. She added, "Any acquisition of this size is almost certainly going to raise antitrust concerns. "Any company interested in buying TikTok needs to be very wealthy and have a high enough risk tolerance, because there's a good chance this deal is not going through," Chin said. But the list of suitors for TikTok could be short, with the service likely costing between $40 billion and $100 billion, according to Business Insider, while any deal would likely attract scrutiny from antitrust enforcers. government may be encouraging is for TikTok to spin off from its Beijing parent so it can be acquired by a U.S. But my guess is that for everyone who has it on their phone, it would stop working in various ways," said Kentaro Toyama, a professor at the University of Michigan's School of Information.įCC Commissioner Brendan Carr on whether TikTok could be banned 03:08 Who could buy TikTok? "Everyone who's installed it would still have it. If a ban survived the lawsuits, it would most likely result in Apple and Google, who run the vast majority of smartphones in the U.S., removing TikTok from their app stores and turning off app updates. One law and technology expert said any TikTok ban wouldn't kick in immediately, since the video platform and some users would likely challenge it in court. Commerce Secretary to ban foreign technology companies, as well as encourages the intelligence service to declassify information on potential risks. The RESTRICT Act, a bipartisan bill introduced in the Senate this month, allows the U.S. However, China pushed back against this possibility Thursday, with a government spokesperson saying "China will firmly oppose" any forced sale of the app. subsidiary or sell it to an American company, CBS News has confirmed. The Committee on Foreign Investment in the United States (CFIUS), which reviews transactions that could affect national security, has been pressuring ByteDance to spin off its U.S.
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