Particle.news
Download on the App Store
22 ARTICLES
·
3w ago

Trump Confident TikTok Sale Will Finalize Before April 5 Deadline

The White House is facilitating negotiations with potential U.S. buyers, while China's approval and tariff discussions remain critical factors.

U.S. flag and TikTok logo are seen in this illustration taken January 8, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
TikTok ban
Social media star MrBeast is among the prominent bidders who have said they would like to acquire TikTok's US operations.
TikTok logo is pictured on the U.S. headquarters of the social media company in Culver City, California, U.S. January 18, 2025. REUTERS/Fred Greaves

Overview

  • President Donald Trump stated that a deal to sell TikTok's U.S. operations will be finalized before the April 5 deadline, avoiding a potential ban on the app.
  • The sale is mandated by a 2024 bipartisan law citing national security concerns over ByteDance's Chinese ownership and its potential ties to Beijing.
  • Private equity firm Blackstone and other U.S.-based investors, including Oracle, have emerged as front-runners in the bidding process for TikTok’s U.S. operations.
  • Trump has suggested reducing tariffs on China as a potential incentive to secure Beijing's approval, a critical step for completing the sale.
  • The White House, led by Vice President JD Vance, is playing an unprecedented role in brokering the deal, with Trump emphasizing the app's cultural and political significance in the U.S.