this post was submitted on 27 Apr 2024
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ByteDance won't sell TikTok, would rather pull it from the US (www.androidauthority.com)
submitted 7 months ago by Dragxito to c/technology
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[–] cyd 11 points 7 months ago

There are valid commercial reasons not to go through a forced sale with a ticking time limit, which will inevitably carry a steeply discounted price. Rather than getting robbed, it makes sense to hang on to the company and take profits from the rest of the world.