Douyin, the Chinese equivalent of TikTok, is very different and "much more pro-social," NYU professor Jonathan Haidt told Business Insider in Davos.

General Atlantic CEO and ByteDance board member Bill Ford said Wednesday that he believes TikTok soon will reach a deal to remain in the U.S.  “It’s in everybody’s interest,” Ford said

The bankers definitely want in despite this being a heavy lift because the fees on an estimated $20-plus billion deal could be pretty rich.

DAVOS, Switzerland (Reuters) - The CEO of investment firm General Atlantic, a board member of TikTok's parent company, said on Thursday that he was optimistic that a deal to keep the short-video app operating in the United States would be agreed.

TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.

Pausing the enforcement of the TikTok ban was one of a slew of executive orders Trump signed on Monday.

The billionaire declined to share details on his sources of financing, but said private equity firms and family offices have reached out.

Billionaire Frank McCourt has expressed openness to partnering with other buyers for a bid to acquire TikTok's U.S. operations. Speaking at the World Economic Forum in Davos, McCourt emphasised that while financing is not a challenge,

The World Economic Forum, colloquially called "Davos" after the location at which it's hosted in the Swiss mountains, is a yearly meeting of elites.

TikTok in the US has attracted interests from top corporates including General Atlantic CEO. Interesting names such as MrBeast has emerged.

President Donald Trump this week paused a ban on the app and said he has "the right to make a deal" to try to save it. Legal experts questioned whether he can override a federal law that bans it. And the app's China-based parent company appeared open to brokering an agreement.