In Brief
Posted:
President Donald Trump says his administration is in talks with four different groups about the sale of TikTok, Reuters reports.
When asked if there was going to soon be a deal on TikTok, Trump told reporters on Sunday, “it could.” He added, “We’re dealing with four different groups, and a lot of people want it … all four are good.”
The ByteDance-owned app’s fate has been uncertain ever since Trump signed an executive order to extend the deadline for the TikTok ban by 75 days back in January.
There are several potential buyers, including a bid led by billionaire Frank McCourt, who has support from Reddit co-founder Alexis Ohanian and Kevin O’Leary.
Other parties interested in buying TikTok include a group of investors led by tech entrepreneur Jesse Tinsley. Additional potential buyers include Microsoft, Oracle, Perplexity AI, and former Activision CEO Bobby Kotick.
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