Trump says TikTok deal is in the works. Here’s where things stand with the company
The Hindu
As he returned to Washington from his Florida home, Trump told reporters that a TikTok deal could come soon.
In less than a month, TikTok could have one or a few new owners, be banned again, or simply receive another reprieve to continue operating in the United States.
Questions about the fate of the popular video sharing app have continued to linger since a law requiring its China-based parent company to divest or face a ban took effect on January 19. After taking office, President Donald Trump gave TikTok a 75-day reprieve by signing an executive order that delayed enforcement of the statute until April 5.
As he returned to Washington from his Florida home on Sunday, Trump told reporters that a deal could come soon. He did not offer any details on the interested buyers, but said the administration was in talks with “four different groups” about TikTok.
“A lot of people want it and it’s up to me,” Trump said aboard Air Force One.
A TikTok spokesperson declined to comment.
If TikTok is not sold to an approved buyer by April 5, the original law that bans it nationwide would once again go into effect. However, the deadline for the executive order doesn't appear to be set in stone and the president has reiterated it could be extended further if needed.
Trump’s order came a few days after the Supreme Court unanimously upheld a federal law that required TikTok’s parent company, ByteDance, to divest or be banned in January. The day after the ruling, TikTok went dark for U.S. users and came back online after Trump vowed to stall the ban.
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