#TikTok #ByteDance #Trump #SocialMedia #USBan
TikTok Faces April Deadline for US Sale
The US government is actively engaging with four different groups regarding the sale of the Chinese-owned social media platform TikTok. Former President Donald Trump stated that all potential buyers are solid options, as the company faces an April 5 deadline to be sold to an American entity or risk being banned.
National Security Concerns Prompt Action
Following a law enacted on January 19 citing national security concerns, TikTok’s parent company ByteDance was ordered to divest its US operations. Upon taking office on January 20, Trump signed an executive order granting a 75-day delay for compliance, pushing the deadline to early April.
Strong Interest from Buyers
When asked about the likelihood of a deal, Trump remarked, “It could happen,” adding that many parties are interested in acquiring TikTok. Among the potential buyers is former Los Angeles Dodgers owner Frank McCourt. Analysts estimate TikTok’s US business could be valued at as much as $50 billion.
ByteDance and TikTok Yet to Respond
Despite the ongoing discussions, TikTok and its parent company have yet to comment on the matter. With the deadline approaching, negotiations continue as stakeholders await the next move in TikTok’s uncertain future in the US.
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