Former Activision Boss Bobby Kotick Expressed Interest In Buying TikTok

0
228
©ByteDance

Former Activision CEO Bobby Kotick is reportedly interested in buying TikTok if ByteDance decides to sell the social media platform.

TikTok is currently under scrutiny in the U.S. as lawmakers are worried that the Beijing-based company, ByteDance, might share users’ data with China and potentially spread propaganda and/or shape the political opinion of America, both at home and abroad.

However, due to the app’s popularity with 102.3 million monthly users, lawmakers are hesitant to upset the masses by banning it.

Despite this, a new bill, known as the Protecting Americans from Foreign Adversary Controlled Applications Act, has recently passed a key stage in the House Energy and Commerce Committee 50-0, that now is heading towards a vote in the House.

If the bill passes both the House and Senate, then TikTok would have to sell part of itself in the U.S. or face a complete ban.

President Biden has expressed that he would sign the bill if it clears Congress, which could help its passage through the Senate.

A ByteDance spokeswoman said that separating the U.S. from TikTok would undermine the app’s appeal as a global platform.

According to the Wall Street Journal, Kotick has been discussing the possibility with ByteDance co-founder Zhang Yiming. Should Kotick be successful, the acquisition is estimated to be hundreds of billions of dollars. 

Kotick is exploring partner opportunities, including discussions with OpenAI CEO Sam Altman. The Wall Street Journal said: “OpenAI could use TikTok to help train its AI models if a partner such as Kotick could raise the capital for such an acquisition.”

Kotick’s interest in TikTok comes after his departure from Activision Blizzard late last year after 32 years, after it was acquired by Microsoft for $69 billion. Microsoft announced their acquisition offer of the Call of Duty and Guitar Hero company after employee misconduct and gender-discrimination claims were brought forward which called for Koltick to leave.

Words by Libby Jennings


Support The Indiependent

We’re trying to raise £200 a month to help cover our operational costs. This includes our ‘Writer of the Month’ awards, where we recognise the amazing work produced by our contributor team. If you’ve enjoyed reading our site, we’d really appreciate it if you could donate to The Indiependent. Whether you can give £1 or £10, you’d be making a huge difference to our small team.

LEAVE A REPLY

Please enter your comment!
Please enter your name here