Trump confirms ongoing talks with multiple buyers for TikTok sale

The fate of TikTok remains uncertain as former U.S. President Donald Trump disclosed ongoing negotiations with four different groups regarding the sale of the Chinese-owned social media platform. Speaking aboard Air Force One, Trump suggested that a deal could be imminent, emphasizing that “all options remain open.”

This development follows a national security-driven mandate requiring ByteDance, TikTok’s parent company, to divest its U.S. operations or risk a ban. The law, which came into effect on January 19, was temporarily put on hold by an executive order issued by Trump after taking office on January 20, extending the enforcement deadline by 75 days.

“There are four groups we’re dealing with, and many people are interested,” Trump said. “All four are strong contenders.”

While neither ByteDance nor TikTok has issued statements beyond their standard business responses, the uncertainty surrounding the platform has attracted interest from high-profile investors, including former Los Angeles Dodgers owner Frank McCourt. Analysts estimate TikTok’s valuation could climb as high as $50 billion, making it a highly coveted acquisition target.

With the extended deadline nearing, negotiations are expected to accelerate as potential buyers weigh their strategies for acquiring the immensely popular social media app. The outcome of these discussions could significantly reshape TikTok’s presence in the U.S. and influence the broader social media landscape.

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