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In a development that has captured widespread attention, former US President Donald Trump revealed that a group of “very wealthy people” are poised to acquire the US operations of TikTok. Speaking on Fox News Channel’s Sunday Morning Futures with Maria Bartiromo, Trump confirmed the existence of a buyer and promised to disclose their identities in the coming weeks. This announcement comes against the backdrop of mounting pressure from a 2024 US law demanding ByteDance, TikTok’s China-based parent company, to divest its US assets or face a nationwide ban.
The law, rooted in bipartisan concerns about national security and data privacy, originally set January 19, 2025, as the deadline for this divestiture. Trump has since extended this deadline multiple times, most recently to September 17, 2025, signaling the complexities surrounding the deal. According to Trump, any transaction would likely require approval from the Chinese government, with confidence expressed that Chinese President Xi Jinping would probably agree.
Previous attempts to finalize a sale fell apart primarily due to Beijing’s objections, especially after the imposition of tariffs on Chinese goods by the Trump administration. The national security rationale behind the legislation revolves around fears that the Chinese government could exploit TikTok’s massive user data and potentially influence public opinion in the US. With TikTok boasting over 170 million American users, the stakes are high.
Notably, Trump has acknowledged TikTok’s role in boosting his popularity among younger voters in the 2024 election campaign, adding an intriguing personal dimension to this unfolding saga. While the exact identity of the prospective buyers remains under wraps, Trump’s recent statement has reignited hope among millions of TikTok users that the platform’s future in the US might soon be secured.
What Undercode Say:
The TikTok divestiture saga is a vivid example of the intersection between tech, geopolitics, and national security in today’s hyper-connected world. Trump’s announcement hints at a high-stakes negotiation that balances American data sovereignty with the global influence of Chinese tech giants. The extended deadlines reveal the complicated nature of disentangling a wildly popular app from its Chinese parent company—a task fraught with regulatory, political, and diplomatic hurdles.
From a strategic perspective, the emergence of “very wealthy people” as potential buyers signals a shift from large corporate buyouts toward private investors who might have more flexibility or fewer bureaucratic obstacles in securing approval. The fact that Trump is publicly backing this move suggests an effort to maintain political capital, especially with TikTok’s undeniable sway among younger demographics critical to the 2024 election.
However, the reliance on Chinese government approval remains the most uncertain element. Despite Trump’s optimism, China’s prior vetoes highlight Beijing’s keen interest in retaining influence over ByteDance and its prized asset. Should China decide to block the sale again, the US could be forced into a full ban of TikTok, raising questions about user backlash and the potential vacuum in the short-video social media landscape.
Moreover, the bipartisan backing for the law underscores how national security concerns now transcend party lines when it comes to Chinese technology. TikTok’s vast data troves are seen not just as commercial assets but as potential vectors for foreign interference. This sets a precedent for future scrutiny of foreign-owned digital platforms operating in the US.
Ultimately, the coming weeks will be crucial in revealing who these buyers are, how the deal will be structured, and what compromises might be necessary to satisfy both US and Chinese regulators. The situation also raises broader questions about the future of global tech ownership and how nations will manage the balance between innovation, security, and political influence.
🔍 Fact Checker Results:
✅ Trump has publicly stated that a buyer for TikTok US operations exists but has not disclosed their identities.
✅ US law requires ByteDance to divest TikTok’s US assets by September 2025 or face a ban.
✅ Approval from the Chinese government is essential due to ByteDance’s status as a Chinese company.
📊 Prediction:
TikTok’s fate in the US will hinge on diplomatic negotiations and regulatory approvals that may stretch beyond the current deadlines. If the “very wealthy” buyers can secure Chinese approval and meet US national security criteria, a divestiture deal might succeed, preserving TikTok’s presence in America. Otherwise, the platform faces the real risk of a ban, potentially paving the way for domestic alternatives or competitors to fill the void. Given TikTok’s massive user base and cultural influence, this situation could reshape the social media landscape and set a precedent for how foreign-owned tech platforms operate amid rising geopolitical tensions.
References:
Reported By: timesofindia.indiatimes.com
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