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Trump Signals TikTok Sale Talks With Four Potential Buyers

The U.S. government is working to address national security concerns as a deadline for TikTok's divestment looms in April.

FILE - A visitor passes the TikTok exhibition stands at the Gamescom computer gaming fair in Cologne, Germany, Thursday, Aug. 25, 2022. (AP Photo/Martin Meissner, File)
FILE - Alexis Ohanian poses for photos on the red carpet at the Women's Sports Foundation's Annual Salute to Women in Sports, Wednesday, Oct. 12, 2022, in New York. (AP Photo/Julia Nikhinson, File)
Will TikTok get banned on April 5? (REUTERS/Dado Ruvic/Illustration/File Photo)
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Overview

  • President Trump stated that discussions are underway with four groups interested in purchasing TikTok, though no specific buyers were named.
  • The U.S. law requiring ByteDance, TikTok’s Chinese parent company, to divest or face a ban was upheld by the Supreme Court earlier this year.
  • Potential bidders reportedly include consortiums led by billionaire Frank McCourt and Employer.com founder Jesse Tinsley, as well as companies like Microsoft and Rumble.
  • The divestment deadline, currently set for April 5, could be extended by the administration if no sale is finalized in time.
  • Trump has suggested the U.S. government could seek a 50% stake in TikTok, though details on such a proposal remain unclear.