TikTok deal to sell U.S. business could be announced as soon as Tuesday … but …. “even though TikTok has selected a bidder, the deal could be slowed or derailed by the Chinese government, which updated its technology export list on Friday to include artificial intelligence technology used by TikTok. TikTok’s Chinese parent company, Bytedance, said over the weekend that it would need a license from the Chinese government before it can sell to a U.S. company.” (By the time this deal gets done, your kids will be like, “What’s Tik Tok?”)