Trump says he has group of ‘very wealthy people’ to buy TikTok, predicts China will approve deal
WASHINGTON — President 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” whose 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.
🎬 Get Free Netflix Logins
Claim your free working Netflix accounts for streaming in HD! Limited slots available for active users only.
- No subscription required
- Works on mobile, PC & smart TV
- Updated login details daily
He said the deal he is developing would probably need China’s approval to move forward and he predicted Chinese President Xi Jinping would likely approve it.
The 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 TikTok’s US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump’s announcements of steep tariffs on Chinese goods.
“We have a buyer for TikTok, by the way,” Trump said. “I think I’ll need probably China’s approval. I think President Xi will probably do it.”
A 2024 US law required TikTok to stop operating by January 19 unless ByteDance had completed divesting the app’s U.S. assets or demonstrated significant progress toward a sale.
Trump, who credits the app with boosting his support among young voters in last November’s presidential election, has extended the deadline three times.
Let’s be honest—no matter how stressful the day gets, a good viral video can instantly lift your mood. Whether it’s a funny pet doing something silly, a heartwarming moment between strangers, or a wild dance challenge, viral videos are what keep the internet fun and alive.