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TikTok will be sold by Saturday, Trump says: There are many American companies interested

2025-03-31 17:49:08Kosova&Bota SHKRUAR NGA REDAKSIA VOX
TikTok will be sold by Saturday, Trump says: There are many American companies
Donald Trump

President Donald Trump said a deal to sell TikTok to Chinese parent company ByteDance will be reached before Saturday's deadline.

Trump had set the April 5 deadline in January, giving TikTok time to find a non-Chinese buyer or face a ban in the US on national security grounds. The ban was set to take effect under a law passed in 2024.

"We have a lot of potential buyers," Trump told reporters on Air Force One on Sunday evening.

“There is tremendous interest in TikTok,” he added, noting: “I would love for TikTok to continue to exist.” TikTok has not yet commented on the matter.

Reuters reported on Friday that private equity firm Blackstone is considering a small investment in TikTok's U.S. operations, according to two people familiar with the situation.

Blackstone is discussing the possibility of joining forces with existing non-Chinese shareholders of ByteDance, led by Susquehanna International Group and General Atlantic, to invest new capital in a bid to acquire TikTok’s U.S. business. These investors have emerged as the frontrunners to reach a deal.

Washington argues that TikTok's ownership by ByteDance makes it dependent on the Chinese government and that Beijing can use the app to influence public opinion in the US and collect data on American citizens.

Trump had previously said he could extend the April deadline if a deal on the app is not reached. Last week, he acknowledged that China would play a significant role in finalizing the deal, saying: "Maybe I'll give them a little bit of a tariff cut or something like that to finalize this."

Vice President JD Vance has stated that he expects the general terms of the agreement to resolve the TikTok ownership issue to be determined by April 5.

The future of the app, which is used by nearly half of Americans, has been in limbo since a 2024 law, passed with broad bipartisan support, forced ByteDance to sell TikTok by January 19.

The White House has played an unusual role in the negotiations for this highly watched deal, acting practically as an investment bank.


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