President Trump said in a Sunday interview that he has found a buyer for TikTok, the popular video-sharing app that Congress voted to ban if China-based parent company, ByteDance, did not divest from the platform.
“We have a buyer for TikTok, by the way,” Trump said in an interview on Fox News’s “Sunday Morning Futures” with Maria Bartiromo.
“I think I’ll need probably China approval, and I think President Xi will probably do it,” he added.
Asked who the buyer is, Trump said, “I’ll tell you in about two weeks.”
The president added that the buyers are “very, very wealthy people.”
“It’s a group of very wealthy people.”
The law requiring ByteDance to divest from the platform or face a ban on U.S. networks and app stores was signed by former President Biden last year.
Trump signed an executive order earlier this month extending the divestiture deadline by 90 days. The new deadline is set for Sept. 17.
The order instructed the Department of Justice not to enforce the law or impose penalties related to it, and it marked Trump’s third extension since taking office in January.
The Supreme Court upheld the divest-or-ban law in early January, prompting the measure to take effect January 19, the day before Trump was sworn in for his second term.
The platform was brought back online hours later after Trump vowed to sign an executive order once back in office to give the company an extension.
Trump made good on that promise, and his first order gave ByteDance 75 days beyond the January deadline to divest from the platform amid national security concerns. A deal was finalized by the White House in early April but was never completed amid Trump’s tariff fight with China.
The president then signed another executive order in April, extending the deadline by another 75 days, which was set to expire June 19, when he issued the most recent extension.
