Donald Trump told Fox News Sunday that a “group of very wealthy people” is ready to buy TikTok’s U.S. operations. He promised to name them within “about two weeks,” while acknowledging the need for China’s permission, an approval he’s confident President Xi Jinping will grant.
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This isn’t Trump’s first rodeo. A U.S. law requires ByteDance, TikTok’s Chinese parent, to divest or risk a nationwide shutdown, originally due by January 19th. Trump has already extended deadlines three times, pushing the deadline to September 17th, citing national security concerns but also recognizing the platform’s popularity, especially among younger voters.
The sale strategy echoes earlier ideas of carving TikTok into a U.S.-based joint venture, possibly co-owned by domestic investors. Names like Larry Ellison or Elon Musk were previously floated around, but this time, Trump is promising a broader ownership group.
Expect more details once Trump reveals the mysterious buyers. If approved, a U.S.-owned TikTok could reshape the platform’s future here, while keeping it alive for its 170 million American users.
