ByteDance board member confident about upcoming TikTok deal in the US

A ByteDance board member expressed optimism that a deal to safeguard TikTok in the US will be finalized soon, mentioning that ongoing discussions aim to avert a ban on the app. President Donald Trump recently signaled interest in Elon Musk or Larry Ellison acquiring TikTok, underscoring the app's potential value of $1 trillion with a US operating license. Trump noted TikTok's current valuation at around $50 billion and proposed that the buyer, upon donating half of the company to the US, would secure the license. The app encounters constraints from China's export control list, which governs the sale of its algorithm and adds complexity to any prospective sale.