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TikTok sues to block US law requiring sale to non-Chinese company

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TikTok and ByteDance are suing in U.S. federal court on Tuesday to block legislation requiring the sale of TikTok to a non-Chinese company.

TikTok and its corporate parent, ByteDance, filed a lawsuit in federal court Tuesday seeking to block a U.S. law mandating that the social media platform be sold to a company without ties to the Chinese Communist Party. President Biden signed a bipartisan bill ordering ByteDance to sell TikTok to an appropriate company by Jan. 19, 2025. The lawsuit argues that such a divestiture cannot happen, noting the Chinese government's own demands relating to TikTok.

Make no mistake – this is a ban on TikTok," Chew said, emphasizing that TikTok would continue to operate as the company challenges the restrictions. GET FOX BUSINESS ON THE GO BY CLICKING HERE The legislation allows for Biden to extend the Jan. 19 deadline by three months.

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Former TikTok Exec Accuses Company Of ‘Lying’ About China-Based ByteDance’s ControlAntonio Pequeño IV is a reporter who covers breaking news, with a focus on technology and online culture. He joined Forbes in 2023 and works in Los Angeles. He’s covered Elon Musk’s Twitter takeover, the Reddit blackout protest and debunked viral rumors.
Source: Forbes - 🏆 394. / 53 Read more »