only very few rich people can mobilize financial and political capital to pull off tiktok purchase.
Larry Ellison (since he is CIA/MIC friendly and tiktok is already running on Oracle cloud)
Zuck has too much conflict to acquire tiktok, but other oligarchs like Musk/bezos/gates can pull it off, given their recent meetings with Trump
Elon musk is an example of acquisition of global social network. Political capital is needed because the tiktok question is politicized heavily (national security as a reason).
Plus FTC will review the acquisition process as well.
Do you have a counter example?
> FTC will review the acquisition process as well
Why?
> Political capital is needed because the tiktok question is politicized heavily (national security as a reason)
This is entirely meaningless. You don’t need political capital to maintain the status quo.
> Do you have a counter example?
To your hypothetical? My example is the law. FACA is tightly defined. Bytedance needs to divest to a non-FAC to return to the status quo. Trump could do something else to fuck with them. But that’s true of anyone anywhere.
Hart-Scott-Rodino Improvements Act requires FTC to approve all large M&A deals + DoJ needs to do antitrust review
https://www.ftc.gov/advice-guidance/competition-guidance/gui...
> only very few rich people can mobilize financial and political capital to pull off tiktok purchase
Why do you assume only a natural person can buy TikTok? Why do you assume you need political capital?
The law doesn’t provide that much executive deference in enforcement.