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WASHINGTON: President Donald Trump stated in a Fox News interview aired on Sunday that he has found a potential buyer for the short-video app TikTok. He referred to the interested party as a group of “very wealthy individuals,” whose identities he plans to reveal in approximately two weeks.
During his appearance on *Fox News’ “Sunday Morning Futures with Maria Bartiromo,”* Trump indicated that the deal he is working on would likely require approval from China, and he expressed confidence that Chinese President Xi Jinping would grant such approval.
Earlier this month, Trump extended the deadline to September 17 for ByteDance, the China-based parent company of TikTok, to divest its U.S. operations, despite a legal stipulation mandating a sale or shutdown if no significant progress was made.
A deal had previously been in the works during the spring to create a new U.S.-based company that would oversee TikTok’s American operations, primarily managed by U.S. investors. However, it was stalled after China indicated it would not approve the arrangement following Trump’s announcement of high tariffs on Chinese products.
A law in place from 2024 stipulated that TikTok must cease its operations by January 19 unless ByteDance had either sold its U.S. assets or shown significant progress towards a sale.
Trump, who credits TikTok with enhancing his appeal among younger voters in the previous presidential election, has now extended the deadline three times.
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