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U.S. President Donald Trump confirmed Sunday that his administration is in discussions with four different groups regarding the sale of TikTok, the Chinese-owned social media giant. Amid national security concerns, a law requiring ByteDance, TikTok's parent company, to sell or face a ban took effect on January 19.
Trump, who assumed office on January 20, signed an executive order delaying enforcement by 75 days. When asked aboard Air Force One about a potential TikTok deal, he responded, "It could," adding that "a lot of people want it... all four are good."
The uncertainty surrounding TikTok’s future has sparked interest from multiple buyers. Among them is former Los Angeles Dodgers owner Frank McCourt, as analysts estimate the platform’s value at up to $50 billion. Neither TikTok nor ByteDance have responded to media inquiries outside regular business hours.
As the deadline approaches, pressure mounts on ByteDance to finalize a deal or risk TikTok being banned in the U.S. The platform, with millions of American users, remains a hot commodity, with investors closely watching developments.
Trump’s remarks reaffirm strong interest from buyers and the possibility of a resolution soon. However, with multiple parties involved, the final outcome remains uncertain.
