TikTok Deal Negotiations Intensify as Deadline Approaches

General Atlantic CEO Bill Ford, a board member of ByteDance, expressed optimism about reaching a deal to keep TikTok operational in the U.S. without selling its American assets. Speaking at the World Economic Forum, he mentioned that potential solutions could involve changes in control that comply with U.S. regulations, as the Supreme Court upheld a TikTok ban citing national security concerns. President Trump recently signed an executive order extending the deadline for a sale or restructuring of TikTok for 75 days, emphasizing the need for negotiations involving both U.S. and Chinese governments. Ford noted that new bidders, including technology moguls and investors, are emerging as potential acquirers, while the Chinese government has shown greater openness to a deal. Lawmakers remain divided on Trump's proposals, particularly regarding the involvement of billionaire investors like Elon Musk. The situation highlights the broader tensions surrounding U.S.-China relations and national security.