The president of the United States, Donald Trump, announced on April 4 to postpone the application of a law that prohibits Tiktok unless its Chinese owner disintegrates the platform.
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The president of the United States, Donald Trump, told Fox News in an interview broadcast on Sunday that has a group of “very rich people” ready to buy Tiktok, whose identities can reveal in approximately two weeks.
Trump added that the agreement will probably need Beijing’s approval to move forward, but said that “I think President XI will probably do it,” reference to the Chinese leader, Xi Jinping.
The president made the comments outside the habit while arguing the possibility of another break of his “reciprocal” tariffs on “Sunday morning of Fox News” with Maria Bartiromo “.
Tiktok’s destiny in the United States has been in doubt since the approval of a law in 2024 that sought to prohibit the platform unless its Chinese owner, Byte, wakes up from it. The legislation was promoted by the concerns that the Chinese government could manipulate content and access confidential data of US users.
Earlier this month, Trump extended the deadline for Bytedance to disintegrate from the American business business. It was his third extension since the Supreme Court confirmed Tiktok’s law only a few days before Trump’s second presidential inauguration in January. The new deadline is September 17.
The Foreign Adversary Applications Law of Pafaca, originally, had been established to enter into force on January 19, after which the operators of the application store and the Internet service providers would be penalized for supporting Tiktok.
Tiktok darkened in the United States before the original deadline, but was restored after Trump provided him with guarantees on extension.
Trump, who accredited the application for promoting their support among young voters in the last presidential elections, has argued that he would like the platform to remain afloat under a new property.
Potential buyers who have expressed interest in the application include Trump experts such as Larry Ellison de Oracle to companies such as Apploin and Perplexity AI.
However, it is not clear if the Bytedonce would be willing to sell the company. Any potential divestment is likely to require the approval of the Chinese government.
An agreement that would have left the American operations of Tiktok and allowed the Bytedance to retain a minority position had been in process in April, but was derailed by the announcement of Donald Trump’s tariffs on China, Reuters reported that month.
The president previously raised a proposal so that the American interested parties buy the company and then sell a 50% participation to the United States government as part of a joint company.
Experts have previously said to CNBC that any potential agreement could face legal challenges in the United States, depending on whether complies with pafaca.
