“Two weeks” – Trump reveals timeline to reveal new buyer for TikTok

US President, Donald Trump says theres a buyer lined up for TikTok and promises to reveal more in about two weeks.In an interview on Fox News, Trump said, We have a buyer for TikTok. I think Ill probably need Chinas approval, and I think President Xi will probably do it.Asked who the buyer is, he replied, Ill tell you in about two weeks. Its a group of very wealthy people. Nearly five months ago, a law took effect requiring TikTok to either be banned in the US or sold by its China-based parent company, ByteDance. But thanks to Trumps repeated delays, neither outcome has occurred except for a brief 14-hour blackout in January.  Trump has since signed three orders pushing back enforcement. Most recently, he granted TikTok a 90-day extension, moving the deadline for ByteDance to hand over control of its US operations to mid-September. These delays have fueled uncertainty about TikToks long-term future in the US. China has signaled it may block any deal that includes TikToks prized algorithm. In April, a deal that would have transferred majority control of TikToks US operations to American owners was close to completion but collapsed after Trump announced new tariffs on China, prompting another delay. ByteDance has acknowledged that any agreement remains subject to Chinese approval. Meanwhile, Trump continues to express optimism, saying he wants to keep TikTok alive in the US, even as questions linger about whether a sale will ultimately clear political and regulatory hurdles on both sides. The post Two weeks – Trump reveals timeline to reveal new buyer for TikTok appeared first on Linda Ikeji Blog.