President Donald Trump said Sunday a group of buyers had been found for TikTok, which faces a looming ban in the United States due to its China ties, adding he could name the purchasers in two weeks.
"We have a buyer for TikTok, by the way," Trump said in an interview on Fox's Sunday Morning Futures. "Very wealthy people. It's a group of wealthy people," the President said, without revealing more except to say he would make their identities known "in about two weeks."
The President also said he would likely need "China approval" for the sale, "and I think President Xi (Jinping) will probably do it."
TikTok is owned by China-based internet company ByteDance. A federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Trump's inauguration on Jan 20. But the Republican, whose 2024 election campaign relied heavily on social media and who has said he is fond of TikTok, put the ban on pause.
In mid-June, Trump extended a deadline for the popular video-sharing app by another 90 days to find a non-Chinese buyer or be banned in the US.
"We have a buyer for TikTok, by the way," Trump said in an interview on Fox's Sunday Morning Futures. "Very wealthy people. It's a group of wealthy people," the President said, without revealing more except to say he would make their identities known "in about two weeks."
The President also said he would likely need "China approval" for the sale, "and I think President Xi (Jinping) will probably do it."
TikTok is owned by China-based internet company ByteDance. A federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Trump's inauguration on Jan 20. But the Republican, whose 2024 election campaign relied heavily on social media and who has said he is fond of TikTok, put the ban on pause.
In mid-June, Trump extended a deadline for the popular video-sharing app by another 90 days to find a non-Chinese buyer or be banned in the US.
You may also like
Trump's tariffs: Why Canadians are saying 'elbows up' -- this time with a hint of sarcasm
Railways mulling over reducing or waiving clerical charges it deducts while refunding fare
CIA chief told lawmakers Iran nuclear programme set back years with strikes on metal conversion site
BWF US Open: Ayush clinches men's singles title, Tanvi finishes as runner-up
Bob Vylan singer explains where his passion for music comes from in stark interview
