Floating Button
Home News US politics

Trump says there’s a buyer for TikTok but won’t divulge name

Hadriana Lowenkron and María Paula Mijares Torres / Bloomberg
Hadriana Lowenkron and María Paula Mijares Torres / Bloomberg • 2 min read
Trump says there’s a buyer for TikTok but won’t divulge name
Before Trump announced widespread tariffs in April, a deal was reportedly close, advanced by a consortium of US investors including Oracle, Blackstone and venture capital firm Andreessen Horowitz. Photo: Bloomberg
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

US President Donald Trump said he has identified a buyer for the US operations of TikTok, the social media app owned by Chinese company ByteDance Ltd., but he won’t provide details for two weeks.

“We have a buyer for Tiktok, by the way. I think I’ll need probably China approval and I think President Xi will probably do it,” he said, referring to Chinese leader Xi Jinping, in an interview on Fox News’s Sunday Morning Futures with Maria Bartiromo. “It’s a group of very wealthy people.” The interview, which aired Sunday, was taped on Friday.

Trump earlier said he would extend for the third time a deadline for ByteDance to sell the US portions of TikTok, which would give the company 90 days beyond June 19.

Congress passed a law last year requiring the divestiture, citing national security concerns. Under the law, the president was allowed to invoke one extension.

Movement on a deal has largely stalled with US-China trade relations swept up in larger tensions over tariff negotiations.

Before Trump announced widespread tariffs in April, a deal was reportedly close, advanced by a consortium of US investors including Oracle, Blackstone and venture capital firm Andreessen Horowitz.

See also: US takes nearly 10% Intel stake, clinching unorthodox deal

The White House didn’t respond to a request for more details on Trump’s latest remarks.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2025 The Edge Publishing Pte Ltd. All rights reserved.