ByteDance Investors Could Win in TikTok Sale, GOP Lawmaker Says

Investors in TikTok’s Chinese parent company stand to benefit if it sold the app because divestment would remove a source of uncertainty, a Republican lawmaker said.

“It would be in the financial interest of ByteDance’s investors to effectuate a forced sale,” Representative Mike Gallagher, who spearheaded a House-passed bill aimed at making the company divest TikTok to allow its continued operation in the US, said on CBS’s Face the Nation on Sunday.

Efforts to remove Chinese corporate influence over the popular social-media platform is back on the political agenda in an election year. At least two US senators voiced ...