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A comment on Biden signs TikTok 'ban' bill into law, starting clock for ByteDance to divest. Parent comment

Re:Biden signs TikTok 'ban' bill into law, starting clock fo... by jrochkind1 on Wednesday April 24, 2024 @04:40PM (#40149325)
Does the legislation in fact specifically require sale to a US buyer, rather than a non-China buyer? Like EU buyer wouldn't fly?

Oddly, the articles I've seen don't feel the need to specify there. Seems like a big difference to me, and requiring sale to specifically US buyer seems rather more of a takeover.

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Re:Biden signs TikTok 'ban' bill into law, starting clock fo... by JumpCrisscross on Wednesday April 24, 2024 @04:48PM (#40149424)
> Does the legislation in fact specifically require sale to a US buyer, rather than a non-China buyer? Like EU buyer wouldn't fly?

No, you are correct. Thank you. It must simply be no longer controlled by a foreign adversary [1]. (And yes, the term foreign adversary is defined in law [2].)

An EU, Gulf or Indian buyer would be totally fine if done in good faith, i.e. without being a front for Chinese interests.

[1] https://www.congress.gov/bill/118th-congress/house-bill/7521... § 2(g)(6)

[2] https://www.ecfr.gov/current/title-15/subtitle-A/part-7/subp...

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