No sooner had President Biden put his signature to an act that will force Chinese tech company ByteDance to sell TikTok in the US than a handful of American tech tycoons started champing at the bit to offer their bids. But TikTok CEO Shou Zi Chew said that should the company fail in winning its legal challenge to block the legislation, ByteDance would rather shut down its US operations than sell.
Source: Billionaires Lining Up to Buy TikTok — ByteDance Icy Response