Trump says there’s a buyer for TikTok but he won’t provide name

President Donald Trump said he has identified a buyer for the US operations of TikTok social media app owned by Chinese company ByteDance Ltd., but he won’t provide details for two weeks.
President Donald Trump said he has identified a buyer for the US operations of TikTok social media app owned by Chinese company ByteDance Ltd., but he won’t provide details for two weeks.
Thomas Fuller—SOPA Images/LightRocket via Getty Images

President Donald Trump said he has identified a buyer for the US operations of TikTok social media app owned by Chinese company ByteDance Ltd., but he won’t provide details for two weeks.

“We have a buyer for Tiktok, by the way. I think I’ll need probably China approval and I think President Xi will probably do it,” he said, referring to Chinese leader Xi Jinping, in an interview on Fox News’s Sunday Morning Futures with Maria Bartiromo. “It’s a group of very wealthy people.” The interview, which aired Sunday, was taped on Friday.

Trump earlier said he would extend for the third time a deadline for Bytedance to sell the US portions of TikTok, which would give the company 90 days beyond June 19. 

Congress passed a law last year requiring the divestiture, citing national security concerns. Under the law, the president was allowed to invoke one extension.

Movement on a deal has largely stalled with US-China trade relations swept up in larger tensions over tariff negotiations. 

The White House didn’t respond to a request for more details on Trump’s latest remarks.

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