In a recent interview, President Trump indicated that a deal for TikTok might be finalized soon, with an announcement of wealthy interested buyers expected in about two weeks. This follows a legal requirement for the app to cut ties with its parent company, ByteDance, to avoid a permanent U.S. ban, with the deadline approaching mid-September. Various major players have shown interest in purchasing TikTok, including notable billionaires, and the administration is actively seeking a solution to keep the app operational in the U.S.
In about two weeks, Trump will reveal the names of 'very wealthy people' ready to buy TikTok, anticipating China's approval on the deal.
The requirement for TikTok to separate from ByteDance was imposed by Congress, with a deadline approaching mid-September for compliance.
Several well-known investors, including Frank McCourt and Kevin O'Leary, have shown interest in acquiring TikTok amidst the potential deadline.
The White House Press Secretary remarked that President Trump is determined to prevent TikTok from going dark in the U.S.
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