Donald Trump will reportedly explore one final way to save TikTok on Wednesday, just days before it’s scheduled to go dark again in the United States.
According to reports, he will consider a “final proposal” on April 2nd for the sale of TikTok’s U.S. operations, with a Saturday deadline approaching rapidly for the Chinese-controlled app to find a buyer. The White House is reportedly finalizing plans for a deal that could involve U.S. investors, possibly including Oracle and Blackstone. TikTok’s parent, the Beijing-based ByteDance, must sell its United States unit by April 5th or face a ban under an executive order signed by Trump.
This “final proposal” would see new investors like Blackstone join existing non-Chinese shareholders in ByteDance to provide additional capital for a bid. Reports also note that key figures including JD Vance, Commerce Secretary Howard Lutnick, and National Security Advisor Mike Waltz will assemble in the Oval Office during Wednesday’s meeting to discuss the matter. In this high-stakes situation, the White House is seemingly acting as an investment bank with Vance managing the auction.
Trump recently expressed confidence that a deal would be struck by Saturday, saying, “We have a lot of potential buyers.” He also reiterated, “I’d like to see TikTok remain alive.”
Meanwhile, venture capital firm Andreessen Horowitz is also in discussions to invest in TikTok. The talks center around raising stakes for the largest non-Chinese investors to acquire TikTok’s U.S. operations.
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