Sunday, September 7, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Lifestyle

Trump says ‘very close to a deal’ on TikTok

by Mark Darwin
in Lifestyle
Trump says ‘very close to a deal’ on TikTok
Share on FacebookShare on Twitter


[MIAMI] President Donald Trump said his administration was “very close” to a deal to find a buyer for TikTok, which faces a US ban if not sold by its Chinese owner by the weekend.

“We’re very close to a deal with a very good group of people,” Trump told reporters aboard Air Force One, adding that it involved “multiple” investors but giving no further details.

The hugely popular video-sharing app, which has over 170 million American users, is under threat from a US law that passed overwhelmingly last year and orders TikTok to split from its Chinese owner ByteDance or face a ban in the United States.

Motivated by national security fears and widespread belief in Washington that TikTok is ultimately controlled by the Chinese government, the law took effect on Jan 19, one day before Trump’s inauguration.

But the Republican president quickly announced a delay that has allowed it to continue to operate; that delay is set to expire on April 5.

Trump has downplayed risks that TikTok is in danger of being banned in the United States, saying he remains confident of finding a buyer for the app’s US business.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

The US president also suggested TikTok could even be part of a broader deal with China to ease the stinging tariffs he imposed on Beijing as part of a worldwide blitz of levies.

Asked Thursday if he was willing to make deals with countries on tariffs, he said: “As long as they are giving us something that is good. For instance with TikTok.”

He added: “We have a situation with TikTok where China will probably say we’ll approve a deal but will you do something on the tariffs. The tariffs give us great power to negotiate.”

According to reports, the most likely solution would see existing US investors in ByteDance roll over their stakes into a new independent global TikTok company.

Additional US investors, including Oracle and Blackstone, the private equity firm, would be brought on to reduce the proportion of Chinese investors.

Much of TikTok’s US activity is already housed on Oracle servers, and the company’s chairman, Larry Ellison, is a longtime Trump ally.

But uncertainty remains, particularly over what would happen to TikTok’s valuable algorithm. The New York Times suggested the new company could licence it from ByteDance.

Amazon has also reportedly made a last-minute bid to buy TikTok. AFP

Tags: CloseDealtiktokTrump
Mark Darwin

Mark Darwin

Next Post
Amy Duggar King Shares Husband Dillon King Is Dealing With “Life-Threatening Medical Concerns” – E! Online

Amy Duggar King Shares Husband Dillon King Is Dealing With "Life-Threatening Medical Concerns" - E! Online

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In