TikTok has until April 5 to find a buyer, and President Donald Trump says that at least four are currently in the mix. The short-from video platform may need to find new ownership since the U.S. passed its sell-or-ban law last year due to security concerns.
Per Reuters, the president spoke with reporters on Sunday about the potential sale, saying that he has been in contact with suitors leading up to the deadline. “We’re dealing with four different groups,” Trump told reporters on Air Force One. “A lot of people want it… all four are good.”
Trump didn’t specify who the four suitors were, but it could be any number of high-profile rumored bidders. Interest is high for the popular short-form video platform and includes heavy hitters like Oracle, Mr. Beast, Shark Tank’s Kevin O’Leary, Microsoft, and Project Liberty, a group led by former Los Angeles Dodgers owner Frank McCourt and Reddit co-founder Alexis Ohanian. Even the U.S. government has been in and out of the rumor mill.
Mashable Light Speed
TikTok was formally banned in the U.S. on Jan. 19, though it lasted all of about 12 hours. Trump signed an executive order to push the ban by 75 days to give TikTok more time to find a buyer. At that time, the beleaguered streaming platform left the various app stores, only to be reinstated nearly a month later after Trump promised Google and Apple that they wouldn’t be fined for doing so. In short, it’s been a long year for TikTok and its users so far.
Despite the issues, TikTok is still going strong. It was still among the most-downloaded apps in the U.S. in 2024, and approximately half of the country’s population is among TikTok’s active users. The app is noted for its intense ability to influence trends. Heck, it even brought back ska music, and ska music hasn’t been popular in almost 30 years.
So far, the U.S. government has been content to kick the can down the road when it comes to enforcing a TikTok ban, as it has been for the last five years. However, time may be finally running out as interest in purchasing TikTok has entered a fever pitch.
“We have a lot of interest in TikTok,” Trump told reporters. “And China is going to play a role. Hopefully, China will approve of the deal.”
Topics
TikTok
Donald Trump
