President Biden has now formally signed the bill that means TikTok owner ByteDance must sell the platform, or face being banned in the US from 2025.
President Biden has now formally signed the bill that means TikTok owner ByteDance must sell the platform, or face being banned in the US from 2025.
As expected following the Senate’s passing of the combination bill regarding funding for Ukraine and the potential ban of TikTok, President Biden has now signed the measure into law. From today, ByteDance has nine months in which to sell or divest itself of TikTok, although there may be a further three-month extension if a deal is being negotiated.
«The path to my desk was a difficult path,» President Biden said in a statement seen by CNBC.
