How will the sales of tickets work and who can buy it

There is a new parlor game on Wall Street: anticipation of the next owner of Tikok.

President Trump signed an executive order in January, delaying the enforcement of the law banning the popular video app. Under the order, the app should now be sold to a non-sugar owner in early April.

Since he signed the order, Mr. Trump has sometimes dropped the hurry of conflicting signals as to how to play the next several weeks: he suggested that he wants a dialect war; He has said that the United States should be part of the app; He has named Microsoft and Elon Musk as potential buyers, even other people raised their hands.

But the mechanics of a possible sales are still markki.

The owner of bytedance, Tiktok, has been stated for years that he cannot sell the app, as the Chinese government will not allow exports of all its important algorithms.

And it is not clear that Tiktok’s American investors are interested in a sales, either.

“There are many options that we can talk to President Trump and his team, there is a lack of selling the company about it that allows the company to operate, perhaps with any change in control, but to sell Lack, General Atlantic Chief Executive Officer Bill Ford told CNBC. General Atlantic, a private equity firm, is an investor in the bidence.

Here we know what happens next:

Who wants to buy Tikkok?

Mr. Trump has recently made public many names including public musk, Microsoft and Oracle. In 2020, Microsoft, Oracle and Walmart tried to buy Ticketkok before those talks separated.

Other potential bidders include Jessie Tinsley, the founder of the payroll firm AffiCer.com, who holds a consortium together which includes the video game platform, Roblox’s CEO.

The “shark tank” star Kevin O’Lery is part of the billionaire Frankie McCourt’s dialect, trying to buy Tikkok without its prestigious algorithm. The valuation of 20 billion dollars of his bankers is considered less than what he can do with his recommended technology.

YouTube star Mr. Beast, whose real name is Jimmy Donaldson, is interacting with “several potential bidder” to be a strategic partner in the acquisition, according to a spokesman Matthew Hiltzik. (Their role will not be to fund a purchase, as is estimated by some reports.)

Mr. Musk, of course, bought Twitter, now called X in 2022. And the Chinese government can be more inclined to sell them, given that sufficient trade in China is tesla. But the billionaire has not commented on whether he wants to buy Tikkok.

Microsoft refused to comment. Oracle and Mr. Musk did not respond to the remarks request.

Tikok and Bidens have not commented on whether they are engaged in sales talks.

Who will lead the conversation for a deal and why?

Mr. Trump is organizing court on deal talks, and this is unlikely Any Trys to attack a deal without a reasonable degree. He will support a transaction. Mr. Ford of General Atlantic said in Davos that he would interact with Mr. Trump and Treasury Secretary Scott Besant, who leads the interganas panel reviewing deals for national security concerns.

Mr. Ford stated that the board and management of Mr. Besant and the bident would be a part of the talks, and described their firm as “ready to attach”.

It will also be important for the dealmakers to feel confident that they have got support from the Chinese government. China has opposed to renounce the control of Tiktok. This updated its export control regulations in 2020, allowing it to block the export of algorithm that is important to work tickek. While some potential buyers, such as Mr. McCourt have said that they want to buy tickets without algorithms, they will buy a much less product.

What does Trump say what he wants?

Any deal will require Mr. Trump’s approval, and he has said that he is eager to unite. He told reporters last month that Tiktok was “very interested”.

He said that the kind of deal he wants to strike, he has told about: “I am thinking about saying to someone that he is buying it and giving half to the United States,” He said.

On Monday, Mr. Trump also signed an executive order with the aim of creating an American sovereign money fund, and suggested that Fund could be a possible investor in the deal with Tikok.

This is not clear, however, will such a structure resolve national security concerns, which motivated the Congress to pass the law, including apprehensions that the teaching can hand over the Chinese government to the Sensitive Tiktok user data, or that The Beijing app can use to use it. It is also not clear how the United States can become an investor.

The law makes the United States illegal to update or distribute Ticketkok in the United States unless the “qualified partition” of the app is not. It specifically states that Tiktok cannot maintain an operational relationship with any Chinese-owned or Chinese-controlled company.

What has investors said?

The law says that Tikokkok can no longer be controlled by a Chinese company or a Chinese company for its recommended algorithm or for data sharing.

But as Mr. Ford’s comments of General Atlantic indicate, investors are searching for options that will ignore the outstanding sales. Analysts say that a deal forced by political pressure is most likely that they will need to make a cut at the value of their investment.

But it is not clear whether other options, which may include bringing new investors or to swap their investment in the venture for American investors for the stake in the US Tikok, will address national security issues identified by law. The law prevents an individual or people in China from grabbing more than 20 percent, directly or indirectly.

What can stand in the way of sale?

An important question is that even Tikok has raised in the filing in the court: Can Ticketkok’s US business operate if it is cut off from its global infrastructure? Tikok said that such sales were “commercial, technical or legally possible.” This is in part as China is unlikely to allow any American buyer to handle the algorithm of Tiktok. This is because most of the technical infrastructure in Tikokkok is kept out of the United States.

It is also a question whether Tiktok is as desirable in 2020 as in 2020. According to analysts, there would be a significant change in a tiktok acquisition, strategy.

Bought anyone Social media company is often a difficult proposal, given how soon it may be out of favor. Snap, once extremely popular among teenagers, now trades below the price sold in its initial public offer in 2017 – this is an example of how teenagers and investors can change.

Buying Tiktok will also be expensive, so that only a handful of companies can make this purchase on their own. And those who are enough to do so, such as Google and Meta, probably will probably face antitrust probes on purchasing the app.

If it sells then the ticket will be the same?

We don’t know. A sales can solve the legal problems of tickets, but it can also change the app that users know today.

Some ticket users have suggested in the past that, in the same way the X was converted under the ownership of Sri Musk, Tiktok may change under a new leader. In the case of X, many users and advertisers escaped from the app.