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Notes -
There would be a bidding war for TikTok that would likely approach its current legitimate valuation.
Firstly, this seems to be proving too much - if being forced to sell has no cost, why would anyone hold (especially once you consider risk and concave value functions)? Secondly, there are surely indirect economic impacts too - this sort of measure would open up the Overton window to other protectionist measures against Chinese corporations, including ones that can't be so easily sold or spun out.
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