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

Hadriana Lowenkron and María Paula Mijares Torres / Bloomberg
Hadriana Lowenkron and María Paula Mijares Torres / Bloomberg • 2 min read
Trump says there’s a buyer for TikTok but won’t divulge name
Before Trump announced widespread tariffs in April, a deal was reportedly close, advanced by a consortium of US investors including Oracle, Blackstone and venture capital firm Andreessen Horowitz. Photo: Bloomberg
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US President Donald Trump said he has identified a buyer for the US operations of TikTok, the 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.

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