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2mo ago

TikTok Faces April 5 Deadline as Four Groups Discuss Potential Sale

President Trump confirms ongoing talks with four interested buyers as the U.S. sell-or-ban deadline for TikTok approaches.

US President Donald Trump speaks to journalists aboard Aire Force One as he travels from West Palm Beach back to Washington on March 9, 2025.
Image
FILE PHOTO: Elon Musk listens to U.S. President Donald Trump speak in the Oval Office of the White House in Washington, D.C., U.S., February 11, 2025. REUTERS/Kevin Lamarque/File Photo
US President Donald Trump arrives on the South Lawn of the White House in Washington, D.C., U.S., March 9, 2025.

Overview

  • President Trump revealed that his administration is in discussions with four groups regarding the sale of TikTok's U.S. operations.
  • ByteDance, TikTok's Chinese parent company, must sell the platform by April 5 or face a nationwide ban under 2024 legislation citing national security concerns.
  • Potential buyers reportedly include Project Liberty led by Frank McCourt, a consortium featuring YouTuber MrBeast, and companies like Oracle and Microsoft.
  • TikTok was briefly banned in January but reinstated after Trump's executive order delayed the enforcement of the ban for 75 days.
  • ByteDance has expressed reluctance to sell, complicating negotiations as the deadline looms and interest from U.S.-based investors intensifies.