U.S. President Donald Trump announced on Sunday that his administration is engaged in discussions with four separate groups regarding the potential sale of TikTok, emphasizing that all options are viable.
The future of the Chinese-owned social media platform has remained uncertain since January 19, when a law was enacted requiring its owner, ByteDance, to either divest from TikTok on national security grounds or face a potential ban. Shortly after taking office on January 20, Trump signed an executive order that delayed the enforcement of the law by 75 days.
When asked about the possibility of a deal being reached soon, Trump told aboard Air Force One, “It could happen. We’re dealing with four different groups, and a lot of people want it… all four are good.”
TikTok and ByteDance did not respond to requests for comment outside of regular business hours.
The uncertainty surrounding TikTok has drawn the attention of several potential buyers, including former Los Angeles Dodgers owner Frank McCourt, with analysts estimating the platform’s value could reach as high as $50 billion.
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