Key Takeaways:
- TikTok users and creators remain in limbo as national security debates continue.
- Trump says a group of wealthy investors will soon be revealed as TikTok buyers.
- ByteDance must sell TikTok’s U.S. assets by mid-September or face a ban.
Trump Suggests TikTok Sale May Finally Happen
Former President Donald Trump has stirred fresh speculation about TikTok’s future in the United States, revealing that a “group of very wealthy people” is preparing to buy the video-sharing platform. Speaking in a Fox News interview, Trump said the group will be revealed in roughly two weeks, placing the announcement around July 13.
This development reopens a saga that began during Trump’s first term, when he attempted to force TikTok’s Chinese parent company, ByteDance, to sell its U.S. operations amid national security concerns. While previous efforts failed to force a sale, new legislation could finally make it happen.
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Past Bidders and New Hints
Over the years, several potential TikTok buyers have been floated—including Microsoft, Twitter, and even YouTuber MrBeast—yet none secured a deal. MrBeast recently claimed he’s flying out to officially submit an offer, adding another wild card to the mix.
When asked if the mysterious new group involves a tech firm, Trump sidestepped specifics. “They’re a group of very wealthy people,” he said. He also acknowledged that Chinese approval is still required, and expressed cautious optimism that President Xi Jinping might greenlight a sale.
TikTok Ban Deadline Approaching Fast
As it stands, ByteDance faces a mid-September deadline to divest TikTok’s U.S. assets or risk a complete ban across the country. ByteDance has attempted to comply through “Project Texas,” a billion-dollar initiative launched in 2023 to bolster data protection and transparency. However, these measures have not satisfied U.S. lawmakers or national security agencies.
Users are already seeking alternatives, with apps like Rednote gaining traction. The uncertain future leaves creators, influencers, and investors in limbo until a concrete deal is announced or the ban takes effect.
Conclusion
Whether Trump’s mystery buyers can pull off a successful acquisition—and receive Chinese approval—is yet to be seen. But one thing is clear: the clock is ticking for TikTok in the U.S., and a major reveal could be just
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of GameDegen.com. Before making any investment decisions, you should always conduct your own research. GameDegen.com is not responsible for any financial losses.
