Former Activision Blizzard Inc. Chief Executive Officer Bobby Kotick (pictured) is reportedly still considering a potential acquisition of TikTok but plans to hold off on advancing the deal until United States President-elect Donald Trump assumes office, sources told The Information on Thursday.
ByteDance Ltd., the parent company of TikTok, is working to delay the enforcement of a law that could either force the sale of the app or lead to a ban in the United States by January 19, the day Trump is expected to return to the White House.
Earlier this year, Kotick emerged as one of the interested buyers of TikTok after stepping down from his role at Activision following Microsoft Corporation's acquisition of the company. He was reported to be seeking partners to help facilitate the acquisition of the popular short video app.
