President Donald Trump has announced that buyers have been identified for TikTok’s U.S. operations, signaling a potential turning point in the ongoing controversy surrounding the Chinese-owned social media platform.
Speaking at a recent event, Trump claimed that “strong buyers” are ready to take over TikTok’s American business and that more details will be revealed soon. While he stopped short of naming the parties involved, Trump described the development as a “big win for national security” and a step toward keeping U.S. user data out of Chinese control.
The statement follows ongoing political and legal pressure to force ByteDance, TikTok’s parent company, to sell the U.S. portion of the platform or face a potential ban. The Biden administration has continued efforts to enforce divestment, and Congress has pushed forward legislation requiring TikTok to sever ties with China.
Trump did not specify a timeline for the deal’s finalization but suggested that an official announcement could be made in the coming weeks. Until then, both Wall Street and Silicon Valley will be watching closely for confirmation of the buyers and the terms of the acquisition.
