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US President Donald Trump announced on April 4 that he would once again postpone the application of a law prohibiting Tiktok unless its Chinese owner is deposited from the platform.
VCG | Visual China Group | Getty images
President Donald Trump told Fox News in a Interview broadcast on Sunday That he has a group of “very rich people” ready to buy Tiktok, whose identity he can reveal in about two weeks.
Trump added that the agreement would probably need Beijing’s approval to move forward, but said: “I think President Xi will probably do it”, in reference to the Chinese leader Xi Jinping.
The president made the offbeat comments while discussing the possibility of another break from his “reciprocal” prices on “Fox News” Sunday Morning Futures with Maria Bartiromo “.
Tiktok’s fate in the United States has been in doubt since the approval of a law in 2024 which sought to ban the platform unless its Chinese owner, Bytedance, has continued. The legislation was motivated by the concerns that the Chinese government could manipulate the content and access the sensitive data of American users.
Earlier this month, Trump has extended the deadline for Bytedance To decide on American platform activities. It was his third extension since the Supreme Court confirmed the Tiktok law just a few days before the second presidential inauguration of Trump in January. The new deadline is September 17.
THE Protection of Americans against the law on applications controlled to the foreign opponentFrom Pafaca, had been initially planned to take effect on January 19, after which App Store operators and Internet service providers would be penalized to support Tiktok.
Tiktok became dark in the United States before the original deadline, but was restored after Trump provided him insurance On the extension.
Trump, who credited the application for strengthening his support among young voters in the last presidential election, argued that he would like to see the platform remaining under the new property.
Potential buyers who have expressed their interest in the application include Trump initiates such as Larry Ellison d’Oracle to companies like APPLORVE And Perplexity Ai.
However, it is not clear if Bytedance would be willing to sell the company. Any potential assignment is likely to require the approval of the Chinese government.
An agreement that would have retained Tiktok American operations and allowed Bytedance to keep a minority position had been underway in April, but was derailed by the announcement of Donald Trump prices on China, Reuters reported This month.
The president previously launched a proposal for the American stakeholders to buy the company, then sell a 50% participation in the United States government as part of a joint venture.
Experts have already told CNBC that any potential agreement could deal with legal challenges in the United States, according to that it complies with PAFACA.
