Overview

• President Trump stated he would extend the June 19 deadline for ByteDance to divest TikTok's U.S. operations if no deal is finalized by then.
• Trump acknowledged having a 'warm spot' for TikTok, crediting the app for helping him connect with younger voters during the 2024 election.
• Negotiations to create a U.S.-based, majority-American TikTok entity remain stalled due to China's disapproval and U.S.-imposed tariffs on Chinese goods.
• The Supreme Court upheld a federal law in January requiring ByteDance to divest TikTok's U.S. assets or face a nationwide ban, which was briefly enforced before extensions were granted.
• Multiple U.S. investors, including Amazon, Oracle, and OnlyFans-led groups, have expressed interest in acquiring TikTok's U.S. operations, but no agreement has been reached.