TikTok weighs non-sale options, ByteDances Ford says [Video]

– ByteDance is exploring a deal to keep TikTok running in the US without selling its operations there, according to board member Bill Ford.

The Chinese company is looking at options for the social media app that could involve a change of control locally to ensure it complies with US legislation, General Atlantic chief executive Ford said on Jan 23 in an interview with Bloomberg Television. The private equity firm holds a stake in ByteDance, TikTok’s parent firm. 

“We are optimistic we will find a solution,” he said, speaking at the World Economic Forum in Davos. “There are a number of alternatives we can talk to President Trump and his team about that are short of selling the company that allow the company to continue to operate, maybe with a change of control of some kind, but short of having to sell.” 

TikTok temporarily went offline in the US last …