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It’s likely that they will form a new organization in the US, so they can operate in that country and still have Tik Tok alive. My expectation is that the US based Tik Tok would still interact with the world, but block China.
Any sale would have to be approved by the Chinese government so that is definitely not happening.
I didn’t suggest to sale the Chinese company. I suggest to create a new one in the US from the same organization in China. This is a normal practice that is being done for many years by many companies to overcome limitations from those countries.