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.
- 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.