Trump says 4 bidders in play for TikTok’s US business in deal expected ‘soon’
Donald Trump stated on Sunday that he is in negotiations with four potential buyers for TikTok's US operations, suggesting a deal could be reached "soon." The ByteDance-owned app faces an April 5th deadline to either finalize a sale of its US operations or be banned in the country under a bipartisan law.
Trump did not disclose the identities of the potential buyers but affirmed that "all four are good." The US market is crucial for TikTok, with its US operations estimated to be worth $50 billion last year. Trump has previously indicated a willingness to extend the deadline and suggested the US should receive a 50% stake in the company as part of any deal.
via SCMP Full Text Feed
Donald Trump stated on Sunday that he is in negotiations with four potential buyers for TikTok's US operations, suggesting a deal could be reached "soon." The ByteDance-owned app faces an April 5th deadline to either finalize a sale of its US operations or be banned in the country under a bipartisan law.
Trump did not disclose the identities of the potential buyers but affirmed that "all four are good." The US market is crucial for TikTok, with its US operations estimated to be worth $50 billion last year. Trump has previously indicated a willingness to extend the deadline and suggested the US should receive a 50% stake in the company as part of any deal.
via SCMP Full Text Feed
