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Yahoo
33 minutes ago
- Yahoo
Trump says he's found a buyer for TikTok
A group of 'very wealthy people' is set to buy short-form video app TikTok, according to President Donald Trump. 'We have a buyer for TikTok, by the way,' Trump said in a Fox News interview on Sunday morning. 'I think I'll need probably China's approval. I think President Xi [Jinping] will probably do it.' Trump declined to share more details about the buyers, saying only that he would reveal their identities in two weeks (apparently his favorite unit of time). Trump has repeatedly delayed a bill forcing owner ByteDance to sell the app or see it banned in the United States. In January, he said his 'initial thought' was to create 'a joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership.' He's also said he was open to allies Larry Ellison or Elon Musk buying the app, although Musk seems like a less likely candidate now.
Fox News
35 minutes ago
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Mamdani primary win may spark NYC exodus, report says
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New York Post
35 minutes ago
- New York Post
Trump says he has group of ‘very wealthy people' to buy TikTok, predicts China will approve deal
WASHINGTON — President Trump said in a Fox News interview broadcast on Sunday that he had found a buyer for the TikTok short-video app, which he described as a group of 'very wealthy people' whose identities he will reveal in about two weeks. Trump made the remarks in an interview on Fox News' 'Sunday Morning Futures with Maria Bartiromo' program. He said the deal he is developing would probably need China's approval to move forward and he predicted Chinese President Xi Jinping would likely approve it. Advertisement President Trump said in an interview that he has found a buyer for TikTok. / MEGA The president earlier this month had extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok despite a law that mandated a sale or shutdown without significant progress. A deal had been in the works this spring that would have spun off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Advertisement 'We have a buyer for TikTok, by the way,' Trump said. 'I think I'll need probably China's approval. I think President Xi will probably do it.' A 2024 US law required TikTok to stop operating by January 19 unless ByteDance had completed divesting the app's U.S. assets or demonstrated significant progress toward a sale. Trump described the potential TikTok buyer as a group of group of 'very wealthy people.' REUTERS/Dado Ruvic/Illustration/File Photo Trump, who credits the app with boosting his support among young voters in last November's presidential election, has extended the deadline three times.
