U.S. House passes bill for ByteDance to divest TikTok

Summary: The U.S. House passed a bill giving TikTok's owner, ByteDance, six months to divest U.S. assets or face a ban. Kevin O'Leary plans a $20-30 billion bid for TikTok, a 90% drop from its $220 billion valuation in 2023. The purchase may exclude algorithms. O'Leary aims to transform TikTok into a U.S.-focused platform due to Chinese government restrictions.

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