ByteDance would shut down TikTok in US rather than sell it, sources say
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After a swift vote in the House of Representatives earlier this week, the United States Senate has now passed the National Security Package which includes the controversial potential ban on TikTok in the US. Following the US legislative process, the bill is now heading to President Joe Biden who has previously committed to signing it into law. Should that scenario play out TikTok parent company ByteDance would be left with two choices - divest into a US-based company in the next twelve...
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