Comment by JumpCrisscross a day ago
> 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.
> 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...
HSR is incredibly routine and politically insulated. It’s closer to a filing than actual review.
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?