President Trump Claims TikTok Has a Buyer, Expects China’s Approval
Jun 29, 2025

President Trump Claims TikTok Has a Buyer, Expects China’s Approval

AI-summarised brief · reviewed before publication

In a recent interview with Fox News on Sunday morning, President Donald Trump announced that a group of "very wealthy people" is set to buy short-form video app TikTok. When questioned about the buyers, Trump refused to disclose more information, stating that he would reveal their identities in two weeks. Trump also mentioned that China's approval would be required for the deal to go through, suggesting that he would need President Xi Jinping's consent. This development comes after Trump has repeatedly delayed a bill that would force ByteDance, TikTok's owner, to sell the app or have it banned in the United States. In the past, Trump has proposed creating "a joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership." Additionally, he has expressed openness to allies Larry Ellison or Elon Musk buying the app, although Musk's involvement now seems less likely. It remains to be seen how this deal will unfold and what changes it will bring to TikTok's operations in the United States.