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Trump says he has group of ‘very wealthy’ people to buy TikTok

US president says there’s a buyer for China-based TikTok, but won’t divulge names yet

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US President Donald Trump at a White House news conference on Friday. Photo: AFP
Reuters

US President Donald Trump said in a Fox News interview broadcast on Sunday that he had found a buyer for the TikTok short-video app, which he described as a group of “very wealthy people” whose identities he will reveal “in about two weeks”.

It’s a time frame Trump often cites, most recently about a decision on whether the US military would get directly involved in the war between Israel and Iran. The US struck Iranian nuclear sites just days later.

Trump made the remarks in an interview on Fox News’ Sunday Morning Futures with Maria Bartiromo. He said the deal he was developing would probably need China’s approval to move forward and he predicted Chinese President Xi Jinping would be likely to approve it.

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The US president earlier this month extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok despite a law that mandated a sale or shutdown without significant progress.
TikTok is owned by China-based internet company ByteDance. File photo: AFP
TikTok is owned by China-based internet company ByteDance. File photo: AFP
A deal had been in the works this spring that would have spun off TikTok’s US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump’s announcements of steep tariffs on Chinese goods.
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