Trump Announces Buyer for TikTok in Surprise Move
▼ Summary
– President Trump announced that a group of “very wealthy people” plans to buy TikTok, pending China’s approval.
– Trump mentioned he would reveal the buyers’ identities in two weeks but provided no further details.
– The president has delayed a bill requiring ByteDance to sell TikTok or face a U.S. ban.
– Trump previously suggested a joint venture giving the U.S. 50% ownership of TikTok.
– He considered Larry Ellison or Elon Musk as potential buyers, though Musk now seems unlikely.
A surprise development has emerged in the ongoing TikTok saga, with former President Donald Trump revealing that a group of wealthy investors is preparing to acquire the popular video-sharing platform. During a recent Fox News interview, Trump confirmed negotiations are underway but noted the deal would require approval from Chinese authorities.
Trump remained tight-lipped about the buyers’ identities, only hinting that more details would surface within two weeks. This follows months of uncertainty surrounding TikTok’s future in the U.S., where lawmakers have pressured its parent company, ByteDance, to divest or face a nationwide ban.
Earlier this year, Trump floated the idea of a joint venture structure, suggesting American stakeholders could secure a 50% ownership stake. While he previously named tech billionaires Larry Ellison and Elon Musk as potential buyers, Musk’s involvement now appears unlikely given his focus on other ventures.
The announcement adds another twist to the high-stakes battle over TikTok, which remains a contentious issue in U.S.-China relations. With regulatory hurdles still in play, the deal’s finalization remains uncertain. Industry analysts are watching closely to see whether this latest proposal gains traction or if further delays lie ahead.
