The issue of who might actually swoop in and get the social media platform continues to be a big deal even though President Joe Biden signed legislation on Wednesday that would require Chinese tech giant ByteDance to promote TikTok in nine months or get prohibited in the US.
TikTok claims it intends to issue the law in court and threatens to use American laws to defy it. If the energy is unsuccessful, the social media platform will need to quickly locate a customer because it has nine months to sell before it will be banned.
For the social media platform TikTok, Florin Vitan ( L ) and Alessia Lanza shoot a video for the” Defhouse,” a TikTok influencers incubator ( Photo by MIGUEL MEDINA/AFP via Getty Images ).
Kevin O’Leary, chair of O’Leary Ventures, speaks during the DC Blockchain Summit in Washington, D. C., US, on Tuesday, May 24, 2022. Photographer: Valerie Plesch/Bloomberg
While many potential buyers, including investment bankers and private equity firms, will probably enter the market to buy TikTok, some individuals are more likely than others, according to a statement from CNN.
Due to the company’s extensive social media presence and competitive concerns, legal , experts, and business experts told the channel that U.S. tech companies like Meta and Google are unlikely to enter.
Meta, however, is now wrapped up in a FTC petition that claims the technical bear’s buy of , WhatsApp and Instagram violated U. S. antitrust law.
According to experts, Google is furthermore facing an antitrust lawsuit involving its research and marketing technology firms, which makes it a poor choice to purchase TikTok.
” If it’s Amazon, Microsoft, Google, or Meta, I really think you’re going to notice significant competitive problem”, Gene Kimmelman, a former Justice Department competitive official, told CNN.
” If you were to say, like, an Intel, or a Cisco, maybe Oracle, I do n’t know” , , Kimmelman added. ” If you were to tell me it’s Verizon, or AT&, T, maybe it’s not as large of a problem”.
Jasmine Enberg, main scientist at Emarketer, pointed out a potential , capture- 22, noting , that only the largest, most powerful technology companies may be the ones with the resources to buy TikTok.
However, according to CNN, experts believe that Microsoft may have a chance to get TikTok based on its recent success in avoiding a FTC complaint when it sought to purchase the video game company Activision Blizzard “in one of the largest technology mergers in history.”
Additionally, according to reports, experts noted that Steven Mnuchin, a previous U.S. Treasury Secretary, might also be a potential prospect. As Breitbart News reported , next month, Mnuchin said he was building an investment group to get TikTok from ByteDance.
Previous Activision CEO Bobby Kotick has also expressed interest in buying the Chinese software, as well as American business Kevin O’Leary,” Mr. Wondeful” on the Shark Tank , Television present and , the president of the private , venture capital firm, O’Leary Ventures.
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