TikTok Faces U.S. Ban as Four Potential Buyers Emerge
Donald Trump sets a 75-day deadline for ByteDance to sell TikTok's U.S. operations, citing national security concerns.
- Donald Trump has confirmed negotiations with four groups interested in purchasing TikTok's U.S. operations from ByteDance.
- The deadline for the sale, set at 75 days from January 20, threatens TikTok with a U.S. ban if no agreement is reached, though the timeline may be extended.
- Potential buyers include Frank McCourt's Project Liberty, AI startup Perplexity AI, influencer MrBeast, and former Treasury Secretary Steven Mnuchin.
- Perplexity AI has proposed a merger valuing TikTok's U.S. operations at $50 billion, while ByteDance remains hesitant to sell.
- TikTok briefly became inaccessible in January due to a national security law, but services were restored after assurances from the U.S. Attorney General.
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