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Miami, Florida – President Donald Trump said his administration was “very close” for a deal to find a buyer for Tiktokwhich is facing an American ban if it is not sold by its Chinese owner this weekend.
President Donald Trump said his administration was “very close” for a business to find a buyer for Tiktok, who is facing an American ban if it is not sold by its Chinese owner this weekend. © Mandel Ngan / AFP
“We are very close to a deal with a very good group of people,” Trump told reporters aboard the Air Force One, leaving that it involved “several” investors but gave no further details.
The extremely popular video sharing app, which has over 170 million American users, is threatened by an American law adopted overwhelming last year and orders TikTok to is divided from its Chinese owner Byteanance or face a ban in the United States.
Motivated by national security fear and widespread faith in Washington that TikTok is ultimately controlled by the Chinese government, Teams came into effect January 19, one day before Trump’s inauguration.
But the Republican President quickly announced a delay It has enabled it to continue working; This delay will expire on April 5.
Trump has trivialized risks that TikTok is at risk of being banned in the United States and says he will remain confident in finding a buyer for the app’s US operations.
The president also suggested that Tictok could even be part of a broader agreement with China to facilitate stinging customs He forced Beijing as part of a worldwide fees.
Asked Thursday if he was willing to do business with countries on customs, he said: “As long as they give us something that is good. For example with Tiktok.”
Tiktok is threatened by an American law that was adopted overwhelming last year and orders the app to share from its Chinese change of ownership or meet a ban in the United States. © Imago / Nurphoto
He added: “We have a situation with TikTok where China will probably say that we will approve an agreement but will you do something on the customs. The tariffs give us great power to negotiate.”
According to the reports Most likely solution Would see existing US investors in Bythadance roll over their efforts to a new independent global TikTok company.
Additional US investors, including Oracle and Blackstone, the Private Equity Company, would be conducted to reduce the proportion of Chinese investors.
Much of Tiktok’s American activity is already housed on Oracle servers, and the company’s chairman, Larry Ellison, is a long -term Trump ally.
But uncertainty remains, especially about what would happen to Tiktok’s valuable algorithm. The New York Times suggested that the new company could license it from Bythadance.
