Overview

• ByteDance must sell TikTok within a year or face a U.S. ban under new legislation.
• Several investors, including Frank McCourt and Steven Mnuchin, are interested in acquiring TikTok.
• Legal challenges argue the divestment mandate violates the First Amendment and is technologically unfeasible.
• TikTok claims user data is already stored in the U.S., but concerns over data security persist.
• The Chinese government is unlikely to allow the sale of TikTok's core algorithm, complicating acquisition efforts.