Premium

Trump says US talking to four different groups on sale of TikTok

U.S. President Donald Trump confirmed his administration is in talks with four groups regarding the sale of TikTok, as ByteDance faces a national security-driven deadline to sell or risk a ban.

google-preferred-btn
TikTok USThe app briefly shut down in the U.S. hours before the ban was slated to take effect on Jan. 19. (AP Photo)

U.S. President Donald Trump said on Sunday that his administration was in touch with four different groups about the sale of Chinese-owned social media platform TikTok, and that all options were good.

TikTok’s fate has been up in the air since a law requiring its owner ByteDance to either sell it on national security grounds or face a ban took effect on January 19.

Trump, after taking office on January 20, signed an executive order seeking to delay by 75 days the enforcement of the law.

Story continues below this ad

Asked if there was going to soon be a deal on TikTok, Trump told reporters aboard the Air Force One, “it could.”

“We’re dealing with four different groups, and a lot of people want it … all four are good,” he added.

TikTok and ByteDance did not immediately respond to Reuters’ requests for comment outside of normal business hours.

The turmoil at TikTok has attracted several potential buyers, including former Los Angeles Dodgers owner Frank McCourt, who have expressed interest in the fast-growing business analysts estimate could be worth as much as $50 billion.

© IE Online Media Services Pvt Ltd
Latest Comment
Post Comment
Read Comments
Advertisement
Top Stories
Trump Carney
Trump ends ‘all trade negotiations’ with Canada over TV ads criticising US tariffs
Rishi Kapoor's (left) father Raj Kapoor expected Asrani (right) to help in FTII admission
EntertainmentRishi Kapoor's rejection from FTII led to a rift between Raj Kapoor and Asrani, claims veteran journalist
Air India passenger threatened for not speaking Marathi
TrendingAir India passenger allegedly threatened mid-air for not speaking Marathi: ‘Mumbai utariye aapko badtameezi dikhate hain’
Pratika Rawal India World Cup
SportsPratika Rawal: DU Psychology graduate who went from nets on terrace to new heights at World Cup, inspired by father’s dream
Derek O'Brien writes: Number of public-sector vacancies is alarming. Can the government do something about them?
OpinionNumber of public-sector vacancies is alarming. Can the government do something about them?
Express shorts
PM Modi offers condolences, Kurnool bus fire tragedy
PM Modi announces Rs 2 lakh ex gratia for families of victims, Rs 50,000 for injured
India38 min ago

Prime Minister Narendra Modi Friday expresses deep condolences to those affected in the Kurnool bus fire tragedy that claimed lives of at least 12 people. He also offered an ex gratia of Rs 2 lakh from PMNRF that would be given to the next of kin of each deceased. The injured would be given Rs 50,000.

View all shorts
Live Blog
Loading Taboola...
Advertisement