Trump TikTok Sale: Billionaire Buyers Revealed?
Donald Trump claims “very wealthy people” are ready to buy TikTok,injecting fresh intrigue into the social media platform’s uncertain future. The former president’s update arrives as tiktok navigates a looming September 17th deadline to divest from its Chinese parent company, bytedance, or face a ban in the United States. Trump believes beijing’s approval is key to any deal. The article dives into the ongoing saga of potential buyers. News Directory 3 follows how Trump’s stance aligns with his support for TikTok. Amid legal hurdles and shifting deadlines, the question remains: What happens next? Discover what’s next …
Trump Says ”Wealthy People” Ready to Buy TikTok Amid Divestiture Deadline
Updated June 30, 2025
Former President Donald Trump stated in a recent Fox News interview that he has identified a group of “very wealthy people” prepared to acquire TikTok. The popular video-sharing app faces an uncertain future in the U.S. due to concerns about its Chinese ownership and data security.
Trump indicated that the potential deal would require approval from Beijing, adding, “I think President Xi will probably do it.” His remarks came during a discussion about possibly pausing tariffs.
The fate of TikTok in the U.S.has been in question sence a 2024 law mandated that its parent company, ByteDance, divest from the platform.This legislation, driven by fears of Chinese government influence and data access, set an initial deadline that was extended multiple times.
Trump recently granted ByteDance another extension, setting a new deadline of Sept. 17. this marks his third extension since the Supreme Court upheld the TikTok law shortly before his second inauguration in January.
The Protecting Americans from Foreign Adversary Controlled Applications Act (PAFACA) originally aimed to penalize app store operators and internet service providers supporting TikTok, but Trump’s assurances lead to the app’s restoration after a brief period offline.
Trump has expressed support for TikTok remaining operational under new, presumably American, ownership, noting its role in boosting his support among younger voters. Several potential buyers have emerged, including Oracle’s Larry Ellison, Applovin, and Perplexity AI.
Though, ByteDance’s willingness to sell remains uncertain, and any divestiture would likely require Chinese government approval.A previous deal involving a U.S. spin-off with ByteDance retaining a minority stake was reportedly disrupted by tariff announcements.
Trump had previously suggested a joint venture where American stakeholders would buy TikTok and then sell a 50% stake to the U.S. government. Experts have noted that any deal could face legal challenges under PAFACA.
What’s next
The clock is ticking for TikTok to secure a deal that satisfies both U.S. and Chinese regulatory requirements. The Sept. 17 deadline looms large, and the involvement of “very wealthy people,” as Trump claims, could be a meaningful growth in the ongoing saga of TikTok’s future in the United States. The key now is whether ByteDance is willing to sell the popular social media platform, and whether the Chinese government will approve any potential deal.