TikTok intends to exhaust all legal challenges before it considers any kind of divestiture from Chinese parent company ByteDance Ltd. if the latest US legislation targeting the app becomes law, according to people familiar with the matter.
A sale of the viral video app is considered to be the last resort for ByteDance, said the people, who asked not to be identified discussing private matters. A divestiture would also require approval by the Chinese government, which said last year that it would firmly oppose a forced sale. No plans are final, and would depend on how the legislation progresses, the people said.
