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TikTok has announced its intention to challenge a new US law that would require it to sever ties with its Chinese owners or face a ban in the country. The law, signed by President Joe Biden, gives TikTok around nine months to find a non-Chinese buyer to continue operating. During this time, the app will continue to function for its American users.
TikTok successfully challenged a similar ban under the Trump administration in the past, but finding a buyer may prove challenging due to the large resources required. Potential buyers could include large technology companies like Meta, Google, or Microsoft, although they may face regulatory scrutiny for possible monopoly concerns. If TikTok fails to find a buyer within the specified deadline, it may no longer be available on app stores in the United States.
The potential ban on TikTok could benefit Meta and Google, who have launched their own similar platforms. China has expressed support for TikTok in this dispute, fearing the precedent it may set for Chinese companies being forced to sell valuable assets. Amidst this legal battle, TikTok’s future remains uncertain as it navigates through this challenging situation.