Overview

• President Trump told Fox News that a “group of very rich” investors has agreed to acquire TikTok US and that their identities will be revealed in about two weeks.
• The sale is driven by a 2024 Congressional law requiring ByteDance to divest its U.S. operations or face a nationwide ban.
• Trump has postponed the divestiture deadline twice, most recently extending it to September 17, 2025, to allow talks to conclude.
• Beijing’s approval is still needed after U.S. tariffs on Chinese imports stalled the Chinese government’s sign-off on the deal framework.
• An April agreement envisioned 80% ownership by non-Chinese investors, including Oracle and Blackstone, with ByteDance retaining 20%.