The popular app has come under scrutiny from lawmakers accusing it of being under Chinese government influence, while supporters have decried a ban as a free speech infringement.
The bill would give ByteDance as long as a year to sell TikTok or be banned in the United States, according to Wedbush analyst Dan Ives.
Likely buyers for TikTok would be Microsoft or Oracle, the analyst said in a note to investors.
“The broader worry is retaliation from China could come from this forced sale/ban of TikTok and add more pressure for regulatory and geopolitical headwinds US companies face … within mainland China,” Ives added.
Meta is expected to be the biggest beneficiary of a TikTok ban, with fans of the app resorting to Facebook or Instagram.
