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Resolution of ByteDance's divestiture requirement by January 19, 2024
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Resolution / Starting Odds
Complete divestiture • 33%
Partial divestiture • 33%
No divestiture • 33%
Official announcements from U.S. government or ByteDance
Story
U.S. Appeals Court to Hear TikTok Ban, ByteDance Divestiture Challenges on Sept. 16 Amid 2024 Election
Jun 17, 2024, 02:25 PM
A U.S. appeals court announced it will hold oral arguments on September 16 to hear challenges to a new federal law requiring ByteDance, the China-based parent company of TikTok, to divest its U.S. assets by January 19, 2024, or face a ban. This development comes amid growing concerns about national security and the app's ties to China. The timing of the hearing places the fate of TikTok in the final weeks of the 2024 presidential election. Earlier this month, Donald Trump joined TikTok and has raised concerns about a potential ban.
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Divestment Completed • 25%
Divestment Announced • 25%
No Divestment • 25%
Extension Granted • 25%
Divestment completed • 25%
Divestment ongoing • 25%
Divestment blocked • 25%
Other resolution • 25%
Complete Sale • 25%
Spin-off • 25%
Joint Venture • 25%
Other • 25%
Divests TikTok • 25%
Does Not Divest • 25%
Finds Alternative Solution • 25%
Awaiting Supreme Court Decision • 25%