Bobby Kotick, the former CEO of Activision Blizzard, expressed interest in purchasing popular social media app TikTok amid potential US ban threats. Kotick reportedly discussed partnering with Sam Altman, head of OpenAI, and others over dinner, as well as with Zhang Yiming, ByteDance’s CEO. The app could be sold for billions of dollars if necessary.
Kotick’s interest comes at a time when TikTok faces uncertainty due to pending US legislation that may force ByteDance to sell the app to a non-Chinese entity. Lawmakers are considering measures to either ban TikTok or separate it from ByteDance due to data security concerns. President Biden has indicated he would support such legislation.
US lawmakers are worried about TikTok’s data privacy and its ties to China. TikTok, in response, is rallying its US users to advocate on its behalf. The proposed bill, set for a House vote, requires ByteDance to divest from TikTok to an American or allied company within six months. Failure to comply could result in removal from US app stores.
If passed, the bill is expected to receive Senate consideration. There are concerns regarding the involvement of Sam Altman in a potential purchase, as OpenAI’s use of TikTok for AI training could pose privacy risks. The situation is evolving, with stakeholders weighing the potential outcomes for TikTok’s future.
Frequently Asked Questions (FAQs) Related to the Above News
Why is TikTok facing potential US ban threats?
TikTok is facing potential US ban threats due to concerns about data security and privacy, as well as its ties to China.
Who is Bobby Kotick and why is he interested in purchasing TikTok?
Bobby Kotick is the former CEO of Activision Blizzard, and he is interested in purchasing TikTok amid potential US ban threats. He has discussed partnering with others, including Sam Altman, to potentially buy the app.
What is the proposed legislation regarding TikTok and ByteDance?
The proposed legislation would require ByteDance to sell TikTok to a non-Chinese entity within six months. Failure to comply could result in TikTok's removal from US app stores.
What is President Biden's stance on the potential legislation?
President Biden has indicated he would support legislation that would force ByteDance to sell TikTok to a non-Chinese entity due to concerns about data security.
What are some concerns regarding Sam Altman's involvement in a potential TikTok purchase?
There are concerns about Sam Altman's involvement due to OpenAI's use of TikTok for AI training, which could pose privacy risks.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
