Overview

• TikTok faces an April 5 deadline to find a U.S.-based buyer or face a ban under a bipartisan law passed last year due to national security concerns.
• President Trump stated he would 'probably' extend the deadline if necessary, though he emphasized there is still a month remaining to finalize a deal.
• Numerous U.S.-based buyers have expressed interest, including a consortium involving Reddit cofounder Alexis Ohanian and 'Shark Tank' star Kevin O’Leary, as well as tech figures like Elon Musk and Larry Ellison.
• China’s approval is required for any sale, and the Chinese government has previously criticized the divestment mandate as unfair.
• TikTok briefly went offline in January before Trump issued an executive order extending the original deadline, allowing the app to continue operations temporarily.