Overview

• No formal buyer has emerged as the June 19 deadline looms with talks remaining unresolved
• Trump said he expects Chinese President Xi to approve any sale extension, underscoring Beijing’s role
• ByteDance confirmed ongoing negotiations with Washington that must clear Chinese legal approval
• The divestment effort is entangled with broader US-China trade talks and unresolved tariff disputes
• Prospective US investors like Oracle and Blackstone are eyed for a restructured TikTok but algorithm control remains a sticking point