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US President, Donald Trump says there’s a buyer lined up for TikTok and promises to reveal more in “about two weeks.”
In an interview on Fox News, Trump said, “We have a buyer for TikTok. I think I’ll probably need China’s approval, and I think President Xi will probably do it.”
Asked who the buyer is, he replied, “I’ll tell you in about two weeks. It’s a group of very wealthy people.”
Nearly five months ago, a law took effect requiring TikTok to either be banned in the US or sold by its China-based parent company, ByteDance. But thanks to Trump’s repeated delays, neither outcome has occurred except for a brief 14-hour blackout in January.
Trump has since signed three orders pushing back enforcement. Most recently, he granted TikTok a 90-day extension, moving the deadline for ByteDance to hand over control of its US operations to mid-September.
In an interview on Fox News, Trump said, “We have a buyer for TikTok. I think I’ll probably need China’s approval, and I think President Xi will probably do it.”
Asked who the buyer is, he replied, “I’ll tell you in about two weeks. It’s a group of very wealthy people.”
Nearly five months ago, a law took effect requiring TikTok to either be banned in the US or sold by its China-based parent company, ByteDance. But thanks to Trump’s repeated delays, neither outcome has occurred except for a brief 14-hour blackout in January.
Trump has since signed three orders pushing back enforcement. Most recently, he granted TikTok a 90-day extension, moving the deadline for ByteDance to hand over control of its US operations to mid-September.
