Trump Says Buyer Found for TikTok’s U.S. Operations but Keeps Details Under Wraps

Former U.S. President Donald Trump has claimed that a buyer has been identified for the U.S. arm of TikTok, the popular short-video platform owned by Chinese tech giant ByteDance. However, he declined to name the entity involved, stating that the details would be revealed “in about two weeks.”

This announcement comes alongside Trump’s decision to extend the deadline for ByteDance to sell TikTok’s U.S. operations. This marks the third extension of the deadline, now giving ByteDance an additional 90 days beyond June 19 to complete a sale. The original deadline stemmed from legislation passed in 2024, which required TikTok’s divestiture on national security grounds.

The law allows the sitting U.S. president to grant one official extension. Trump’s move reopens the door for negotiations that had seemingly stalled amid growing trade tensions between the U.S. and China.

Earlier this year, a deal involving a U.S.-based investor consortium — including Oracle Corp., Blackstone Inc., and venture firm Andreessen Horowitz — appeared close to finalization. However, progress slowed as the geopolitical climate shifted with the announcement of new tariffs by the Trump administration in April.

TikTok has yet to comment on Trump’s latest remarks. ByteDance, meanwhile, continues to face scrutiny from U.S. lawmakers who remain concerned over user data privacy and potential foreign influence.