Trump Claims TikTok Buyer Found - Latest Updates

Potential Sale of TikTok to a Consortium of Wealthy Individuals

President Donald Trump has announced that a group comprised of “very wealthy people” is poised to acquire the short-form video application, TikTok.

During a Sunday morning interview with Fox News, Trump indicated that the transaction may require approval from Chinese authorities.

He expressed his belief that President Xi Jinping would likely consent to the sale.

Details Remain Limited

The President refrained from disclosing specific information regarding the prospective buyers.

He stated that their identities would be revealed within a fortnight, a timeframe he has referenced previously.

Previous Statements Regarding TikTok's Future

Trump has consistently postponed legislation that would compel ByteDance, TikTok’s parent company, to divest the app or face a prohibition within the United States.

In January, his preliminary consideration involved establishing a joint venture.

This venture would potentially include current or new ownership, granting the U.S. a 50% stake in the platform.

Potential Buyers Previously Mentioned

Trump had previously suggested openness to offers from prominent figures such as Larry Ellison and Elon Musk.

However, Musk is now considered a less probable candidate for the acquisition.

The situation surrounding TikTok’s ownership continues to evolve, with ongoing negotiations and potential regulatory hurdles.