US President Donald Trump said in a Fox News interview broadcast on Sunday that he had found a buyer for the TikTok short-video app , which he described as a group of very wealthy people whos e identities he will reveal in about two weeks.
Trump made the remarks in an interview on Fox News Sunday Morning Futures with Maria Bartiromo program . He said the deal he is developing would probably need Chinas approval to move forward and he predicted Chinese President Xi Jinping would likely approve it.
The US president earlier this month had extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok despite a law that mandated a sale or shutdown without significant progress.
A deal had been in the works this spring that would have spun off TikToks US operations into a new U.S.-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trumps announcements of steep tariffs on Chinese goods.
We have a buyer for TikTok, by the way, Trump said. I think Ill need probably Chinas approval. I think President Xi will probably do it.
