TikTok to fight US ban law in courts. Here's what it means

TikTok said it will fight a new US law that orders the popular video sharing app to break away from its Chinese owners or face an outright ban in the United States. Here’s what could happen next for one of the world's most downloaded apps. The bill signed by President Joe Biden gives TikTok 270 days to find a non-Chinese buyer or face a ban in the United States. The White House can extend the deadline one time only by 90 days.

Even Microsoft, owner of the more niche LinkedIn and now the world’s biggest company by market capitalization, would face a hard look by competition regulators. Oracle could be interested in trying again to take part in a deal.

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