The bill requires TikTok’s Chinese parent company ByteDance, to sell its stake to an entity based in the United States within 12 months. Otherwise, they risk a ban.
ByteDance, TikTok’s Chinese parent company, must sell its stake in the platform to a U.S.-based company within 12 months, or the bill could result in a ban. ByteDance, TikTok’s Chinese parent company, must sell its stake in the platform to a U.S.-based company within 12 months, or the bill could result in a ban.
The bill requires TikTok’s Chinese parent company ByteDance, to sell its stake to an entity based in the United States within 12 months. Otherwise, they risk a ban.
https://www.huffpost.com/entry/tiktok-ban-legislation-explained_n_6628cee7e4b06e0c270ab1d8
