Trump says TikTok buyer found
US President Donald Trump announced in a Fox News interview that a buyer has been found for TikTok, the popular video-sharing platform facing a potential ban in the United States.
The announcement comes after Trump extended the deadline for the sale, now set for September 17, under a law passed by Congress in 2024.
Responding to a question about the buyer's identity, Trump said it was a group of 'very wealthy people,' promising to reveal more details 'in about two weeks'.
The 2024 law requires TikTok's Chinese parent company, ByteDance, to divest its ownership due to national security concerns over data privacy and fears of potential influence operations by Beijing. Lawmakers from both the Republican and Democratic parties have expressed bipartisan concern over China's access to user data and its ability to sway public opinion in the US.
This marks the third time Trump has extended the sale deadline, keeping TikTok accessible to its more than 170 million US users in the meantime.
US media reports indicate that an agreement was reached in early April outlining the separation of TikTok's US operations from ByteDance through a restructuring of ownership. Under the proposed deal, non-Chinese investors' shares would increase from 60 percent to 80 percent, while ByteDance would retain a reduced 20 percent stake.
However, escalating trade tensions, including Trump's announcement of new tariffs on trading partners, including China, have delayed the deal's approval from the Chinese side.
On Friday, China confirmed the details of a broader trade agreement with the US, saying Washington would 'lift restrictions,' while Beijing would 'review' export controls on sensitive materials such as rare earth elements essential for electric batteries, missile systems, satellites, and radar technology.
Trump added Sunday, 'I think I'll probably need China. I believe President Xi will go ahead with it,' referring to the need for final approval from Chinese leader Xi Jinping to complete the deal.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Jordan News
an hour ago
- Jordan News
Trump: I Offered Nothing to Tehran and Haven't Spoken to the Iranians Since Wiping Out Their Nuclear Facilities
U.S. President Donald Trump U.S. President Donald Trump stated on Monday that he has offered nothing to Iran and has not spoken with Iranian officials 'since we completely destroyed their nuclear facilities.' اضافة اعلان In a post on the Truth Social platform, Trump added that former President Barack Obama paid billions of dollars to Iran under the nuclear deal he signed with them. Trump had said on Sunday that Iran may not abandon its nuclear activities, 'but it is completely exhausted,' noting that he would lift the sanctions on Tehran 'if it chooses the path of peace.' The U.S. president also confirmed that he had not made any statements regarding the lifting of sanctions on Iranian oil exports to China. — (Agencies)
Jordan News
an hour ago
- Jordan News
Tehran: Washington Must Abandon the Idea of Attacking Us Before Any Negotiations - Jordan News
Iran has set a condition for resuming talks with the United States over Tehran's nuclear program: Washington must abandon the idea of launching any further strikes against Iran. اضافة اعلان In an interview with the BBC aired on Monday, Iranian Deputy Foreign Minister Majid Takht-Ravanchi stated that the U.S. administration had conveyed—through intermediaries—its desire to return to negotiations. However, the United States "has not clarified its stance" on the 'very important question' of whether it intends to carry out more attacks, according to the German News Agency (DPA). At the NATO summit last week, former President Donald Trump announced new talks with Iran for this week, though he provided no details. He had recently ordered strikes on Iran's fortified nuclear facilities. When asked on Friday whether he would order additional bombings of Iranian nuclear sites should concerns about Tehran's uranium enrichment reemerge, Trump replied: 'Without a doubt. Absolutely.' He reiterated that Iran must not be allowed to obtain nuclear weapons and claimed that the recent attacks had delayed Iran's nuclear program by several years. Rafael Grossi, Director-General of the International Atomic Energy Agency (IAEA), said in an interview aired Sunday that Iran could resume uranium enrichment within months. "A Peaceful Nuclear Program" Takht-Ravanchi told the BBC that Iran insists on its right to enrich uranium for peaceful purposes, rejecting accusations that the country is secretly working to develop a nuclear bomb. He added that since Iran had been 'deprived of access to nuclear materials for its nuclear research program, we had to rely on ourselves.' He emphasized that the level and capacity of enrichment could be negotiated, 'but to say you must not have any enrichment at all, you must have zero enrichment, and if you don't agree, we will bomb you—this is the law of the jungle.' — (Agencies)
Ammon
2 hours ago
- Ammon
Trump: I am not offering Iran anything
US President Donald Trump says he is not talking to Iran and not offering them anything. In a middle-of-the-night post on Truth Social, Trump says, 'I am not offering Iran ANYTHING, unlike Obama, who paid them $Billions under the stupid 'road to a nuclear weapon JCPOA (which would now be expired!), nor am I even talking to them since we totally OBLITERATED their Nuclear Facilities.'
