It is reported that Activision Blizzard's former CEO is considering acquiring TikTok
It has been reported that former Activision Blizzard CEO
TikTok Crackdown Shifts Into Overdrive, With Sale or Shutdown on Table - WSJ
https://www.wsj.com/tech/why-the-new-effort-to-ban-tiktok-caught-fire-with-lawmakers-7cd3f980
Former Activision CEO Bobby Kotick Considering Buying TikTok | PCMag
In the United States, where the conflict with China is deepening, multiple laws have been enacted to restrict the use of TikTok by government agencies due to concerns about the risk of confidential information of American citizens being passed on to the Chinese government through TikTok.
Additionally, on March 5, 2024, a more robust bill aimed at directly regulating TikTok, ` `Protecting Americans from national security threats posed by applications controlled by foreign adversaries,'' was announced. A bill has been submitted to the U.S. Congress.
The bill would require ByteDance, TikTok's parent company, to sell TikTok and other TikTok-owned applications within 165 days of the bill's enactment. If ByteDance does not sell, the app will be banned from use in the United States. The clause also allows the government to ban access to apps owned by foreign adversaries, such as Chinese companies, if they pose a national security threat.
A bill to punish app stores that host TikTok appears - GIGAZINE
Mr. Kotick, former CEO of Activision Blizzard, showed an attitude of acquiring TikTok. When Mr. Kotick retires as CEO in December 2023, he will receive a retirement allowance of $15 million (about 2.2 billion yen), which is called a ` `golden parachute .'' Mr. Kotick plans to proceed with the acquisition of TikTok based on this fund.
However, it is thought that it will take approximately hundreds of billions of dollars (tens of trillions of yen) to acquire TikTok, and Mr. Kotick's funds alone will not lead to the acquisition. Therefore, in order to gather partners with abundant funds, Mr. Kotick spoke to CEO Altman and others at a dinner party at the investment bank ' Allen & Company ' conference held in March 2024 to acquire TikTok. He is said to have presented his own ideas.
If Kotick and OpenAI jointly succeed in acquiring TikTok, OpenAI will be able to use TikTok to help train AI models.
In addition, TikTok has issued a message to users saying, ``Speak out now, before the government strips 170 million Americans of their constitutional right to freedom of expression.'' 'Tell Congress what TikTok means to you and tell them to vote against it,' it has been reported.
TikTok incites users to ``Send an e-mail to Congress and oppose the regulatory law'', a broken Congress unanimously votes to speed up the bill - GIGAZINE
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