In a shock announcement on Sunday, President Donald Trump revealed throughout an look on Fox News Sunday Morning Futures {that a} purchaser has been secured for TikTok’s U.S. operations—however he declined to reveal additional particulars till an anticipated reveal in roughly two weeks.
This marks the most recent growth in a months-long saga surrounding TikTok, which has been below strain to divest its U.S. arm or face a legislated ban. A regulation handed final yr mandated a divestiture or imminent ban—backed by a Supreme Courtroom ruling—with TikTok’s dad or mum firm, ByteDance, going through rising strain. Trump’s announcement got here simply days after he signed his third 90‑day government extension, which pushes the deadline for ByteDance to finish a U.S. sale to September 17, 2025.
The divest-or-ban regulation is a centerpiece of congressional concern over nationwide safety and Chinese language affect. TikTok has repeatedly denied accusations of posing such dangers. ByteDance maintains that U.S. consumer information is saved domestically below Oracle’s administration, and that content material moderation choices are made stateside. Trump’s repeated extensions have drawn criticism from lawmakers who argue he’s overstepping government authority. In the meantime, some speculate the unnamed consortium may embody massive names—starting from Oracle-linked teams to Silicon Valley buyers and billionaire entrepreneurs.
Count on a mid-July reveal, although earlier TikTok-related deadlines have been fluid. Any switch hinges not solely on U.S. approval but in addition on negotiations with Beijing, which should log out given ByteDance’s Chinese language roots. If the deal goes via, TikTok might escape a U.S. ban—and protect service for greater than 170 million American customers and seven.5 million U.S. companies.
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