Trump to announce TikTok buyer in two weeks.

Trump to announce TikTok buyer in two weeks.

U.S. President Donald Trump announced in an interview on Fox News Channel that a buyer for TikTok has been found. The buyer is a group of "very wealthy people" whose identity Trump plans to reveal in approximately two weeks. The announcement comes after a series of extensions to the ban deadline for the social media app, which has been under scrutiny due to concerns about data privacy and ownership.

Trump made the remarks during an interview on Fox News Channel's "Sunday Morning Futures with Maria Bartiromo." When pressed on the identity of the buyer, the president stated that he would reveal more details in about two weeks. The popular social media app has been in limbo for months, with Trump repeatedly extending the ban deadline for the app to be removed from U.S.-based app stores.

The first extension came on the first day of Trump's second term, followed by another in April when the White House thought a deal to place the app under American ownership was imminent. However, China balked at the deal, forcing Trump to issue a second extension of the ban. The third extension, enacted on June 19, was in yet another effort to push a potential deal over the finish line.

Trump offered no details on the deal's specifics or the timeline for its completion. He suggested that he might need China's approval and expressed confidence that President Xi Jinping would likely approve the deal.

TikTok has been the subject of scrutiny from Congress and Trump himself, due to concerns about the app's Chinese ownership and access to the personal data of millions of American users. Congress enacted a ban in April 2024 to force ByteDance to sell off its stake in the platform to an American government-approved buyer. ByteDance has tied up the case with numerous legal roadblocks, and Trump's third presidential campaign has been opposed to banning the app.

References:
[1] https://m.economictimes.com/news/international/business/trump-says-in-fox-interview-he-has-a-group-of-wealthy-people-to-buy-tiktok/articleshow/122144329.cms
[2] https://www.axios.com/2025/06/29/trump-tiktok-buyer