TikTok is one step closer to disappearing in the United States after a panel of federal judges on Friday unanimously upheld a new law that could lead to the banning of the popular Chinese-owned video app by mid-January.
While TikTok and ByteDance have said that a sale is not possible, there is a chance that the ruling will create new movement in that arena. Steven Mnuchin, a former Treasury secretary during Mr. Trump’s first term, said in March that he was “trying to put together a group to buy TikTok, because they should be owned by U.S. businesses.” In May, the billionaire Frank McCourt also expressed interest, which he reiterated on Friday. Other rumored suitors have included Bobby Kotick, the former chief executive of the video game company Activision Blizzard. In 2020, possible buyers included Microsoft and the cloud computing company Oracle.
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