TikTok Sale Deadline Looms as ByteDance and U.S. Negotiations Continue
With the April 5 deadline approaching, ByteDance has yet to agree to a sale, while Amazon's bid is reportedly not being taken seriously, and other buyers like Oracle remain in contention.
- ByteDance faces an April 5, 2025, deadline to sell TikTok's U.S. operations to non-Chinese investors or risk a ban in the United States.
- Amazon has submitted an offer to purchase TikTok, but reports indicate it is not being taken seriously by some sources and may face regulatory scrutiny from the FTC.
- Oracle, a key contender, has proposed hosting TikTok's U.S. user data on its U.S.-based servers as part of its bid.
- President Donald Trump has stated that an agreement will be reached before the deadline, though discussions with ByteDance remain unresolved.
- The U.S. government aims to reduce Chinese ownership of TikTok to below 20%, while ByteDance, majority-owned by foreign investors, has not formally agreed to a sale.