Donald Trump announced that the United States is in discussions with four groups interested in acquiring TikTok, following the implementation of a law requiring the app to divest from its Chinese parent company, ByteDance, due to national security fears. Although Trump hinted at possible deals, TikTok's future remains uncertain as it faces scrutiny. Major potential buyers include known entities like Microsoft and Oracle, alongside the People's Bid for TikTok initiative. Despite the pressure to sell, TikTok appears reluctant to exit the US market, especially after a brief suspension in service.
Donald Trump stated that the US is negotiating with four potential buyers for TikTok as the app faces legislative pressure to divest from its Chinese owner.
Under a new US law, TikTok must separate from ByteDance or face a ban, due to concerns about potential threats to national security.
Despite the urgency, TikTok seems not overly eager to sell, as millions of users were dismayed by its temporary suspension and legal uncertainties.
The potential buyers for TikTok include notable companies and individuals, such as Microsoft, Oracle, and an initiative led by Frank McCourt's Project Liberty.
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