This deal changes by the hour. ByteDance itself is a very successful company. It’s worth about $250 billion, of which only 8.9% is TikTok USA. So while we’re focused on TikTok USA, the company could abandon it, just turn it off if they wanted.
There’s been a lot of hype from everywhere else, but Frank McCourt and I are the only ones that actually made an offer. It’s clear to me now that we’re going to have to do a dance between the original owners, the founders of ByteDance itself, and interpreting the law of what Congress and Supreme Court has upheld. To save TikTok US, it’s got to be a joint venture with the Chinese guys, except it’s got to be in a way that’s compliant with the law of the US. That way they can save what they’ve got.