US President Donald Trump on Sunday said that he has a buyer for TikTok, which is facing a looming ban in America due to its China ties. The US president further said that he will name the purchaser in two weeks.
"We have a buyer for TikTok. I'll need probably China approval and I think President Xi will probably do it. It's a group of very wealthy people," he said in an interview with Fox News.
Trump’s remarks come as the clock ticks on ByteDance’s obligation to divest from TikTok’s American operations.
A law passed by Congress last year mandated the sale, citing national security concerns over Chinese access to US user data.
While the legislation allowed for one extension, Trump has now said he would grant a third deadline extension, potentially giving ByteDance up to 90 days beyond June 19 to finalise a deal.
So far, the White House has not commented on Trump’s statement or provided clarity on the identity of the potential buyers.
"We have a buyer for TikTok. I'll need probably China approval and I think President Xi will probably do it. It's a group of very wealthy people," he said in an interview with Fox News.
.@POTUS: “We have a buyer for TikTok… I’ll need probably China approval and I think President Xi will probably do it… It’s a group of very wealthy people.” pic.twitter.com/N8tWYfKjYg
— Rapid Response 47 (@RapidResponse47) June 29, 2025
Trump’s remarks come as the clock ticks on ByteDance’s obligation to divest from TikTok’s American operations.
A law passed by Congress last year mandated the sale, citing national security concerns over Chinese access to US user data.
While the legislation allowed for one extension, Trump has now said he would grant a third deadline extension, potentially giving ByteDance up to 90 days beyond June 19 to finalise a deal.
So far, the White House has not commented on Trump’s statement or provided clarity on the identity of the potential buyers.
You may also like
Spanish holiday hotspot is the most expensive place I've ever been - it will bankrupt you
UK households urged to get rid of nightmare pests in July with 1 kitchen staple
Love Island's Remell defends actions following dumping after cheating accusations
Coronation Street star teases true identity of Gary's attacker in 'revenge twist'
Canvas Of Dreams: How Indore Helped Self-Taught Artist Paint His Way To Netflix
