Potential bidders are circling TikTok as many in Congress demand its split from its Chinese parent. But obstacles remain, starting with Beijing.

Steven Mnuchin, a former Treasury secretary, has emerged as a potential bidder for TikTok. But deal prospects look uncertain with Beijing signaling its opposition to any deal.Tamir Kalifa for The New York TimesWhat’s next for ByteDance’s U.S. investors?

As Beijing makes it increasingly clear that it opposes efforts by Congress to force TikTok’s Chinese parent company, ByteDance, to sell the popular video app — government officials in China said American lawmakers were acting like a “bandit” — the tech giant’s U.S. backers are increasingly finding themselves in a quandary.

DealBook has spoken with people in the know about what these investors, including financial giants like the Susquehanna International Group, can do, with billions of dollars on the line.

A potential

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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