A new parlor game on Wall Street revolves around the potential sale of TikTok, as President Trump has mandated that the app be sold to a non-Chinese owner by early April. Amid conflicting signals from Trump regarding a bidding war, favored buyers include Microsoft and Elon Musk; however, the sale's feasibility is uncertain. ByteDance, TikTok's parent company, has long asserted it cannot sell due to restrictions from the Chinese government on exporting its key algorithm. Alternative solutions may allow operations to continue without outright selling the app.
Mr. Trump has floated a number of names in public recently, including Mr. Musk, Microsoft and Oracle, indicating potential bidding interest around TikTok's ownership.
ByteDance, TikTok's owner, has said for years that it cannot sell the app, in part because the Chinese government would not allow the export of its all-important algorithm.
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