TikTok Nears U.S. Ownership Deal as April Deadline Approaches

Vice President JD Vance expresses confidence in a high-level agreement to address national security concerns and avoid a nationwide ban on the app.

Vice President JD Vance stated on Friday that a framework for an agreement to transfer TikTok to U.S. ownership is expected by the April 5 deadline, though final legal details may extend beyond that date.
The Biden-era law mandates TikTok's Chinese owner, ByteDance, to divest its U.S. operations or face a ban, citing national security concerns over data privacy.
President Donald Trump, who extended the original January deadline by 75 days, has tasked Vance and National Security Adviser Michael Waltz with facilitating the sale.
Trump confirmed ongoing negotiations with four potential buyer groups, though ByteDance has not publicly commented on its willingness to sell.
China's approval remains a key factor, with reports suggesting Beijing may resist the sale unless broader trade concessions are made by the U.S.