Official announcements from ByteDance or the U.S. government, major news outlets

ByteDance Seeks TikTok Deal in U.S. with 75-Day Extension, Considers Change of Control

Jan 23, 2025, 11:55 AM

ByteDance, the parent company of TikTok, is actively negotiating a deal to maintain the app's operations in the U.S., according to Bill Ford, a ByteDance board member and CEO of General Atlantic. Ford expressed confidence that a solution will be reached soon, potentially by the end of the week, to prevent a ban on TikTok in the U.S. This comes after President Donald Trump signed an executive order granting a 75-day extension to enforce a ban on TikTok, which was set to be implemented unless ByteDance sold its U.S. operations. Ford emphasized that the deal is in the interest of all parties involved, including the Chinese and U.S. governments, ByteDance, and its board. ByteDance is exploring alternatives to an outright sale, such as a change of control to comply with U.S. legislation, indicating that there may be options short of divestiture.