Only a few weeks after the expansion of the time for sale for the third time, President Donald Trump announced on Sunday that he found a buyer for the US operations.
The popular social media apps are severely pressured because the law passed in 2024, which requires a Chinese parent company. The law from the concerns of the two parties in Washington that the Chinese government can access the information of American users or use apps to influence the opinions of the people.
“We have Tiktok buyers,” Trump told Fox News Host Host Maria Bartiromo about her “Sunday Morning Futures”. He suggested that the agreement will still be approved by Beijing. “I have to be approved by China and I think the XI President may do that.”
When pressing for more details, Trump is still ambiguous. He added that “It is a group of people who are very rich” and say they will reveal their names in “About two weeks” he didn't give any additional information.
–@potus: “We have Tiktok buyers … I may be approved by China and I think the XI President may do … it is a group of people who are very rich.” pic.twitter.com/n8thyfkjyg
– Fast response 47 (@rapid response47) 29 June 2025
This announcement occurred after a severe negotiation time and political dodge. The law is discharged-or the Congress via the Congress in 2024, the BITEEDANCE 270 day window to sell the Tiktok. The time is expanded for the third time in the middle of June, pushing the new day up to 17 September and allowing the 170 million American users of the app to access the platform at this time.
According to many reports, it was found that almost the beginning of April. The agreement will separate the US operations from Bithedance, with an American investor group led by Oracle Technology Company and including the Blackstone asset manager and Michael Dell entrepreneurs holding a large share. However, it was reported that the transaction was stopped after Trump announced that it had a steep trade tax rate, especially the target to China.
Not long ago, after both countries agreed with the “general frame” in order to normalize trade relationships in the beginning of June, Beijing appeared more to approve certain exports. This can be washed the route for the algorithm and delicate technology that supports Tiktok to be included in the sale.
Despite the political chaos of Tiktok in the United States, still enormous Social networks have 170 million users, including 7.5 million business accounts, from large companies to small and medium -sized organizations. According to the Specialist website, AppFives. Tiktok is currently the second most download app in the United States, Android, which is behind Chatgpt.
What will happen next – especially whether Trump's mysterious buyers are true or possible – still not clear, but when the schedule of September, the political and economic bets around the fate of Tiktok increases