Trump says TIKTOK sales talks with 4 companies
An executive order signed by President Donald Trump gives Tiktok 90 days to complete a sale for an American buyer, with potential researchers reported including large technology companies. In the meantime, Trump’s order can face legal challenges, potentially complicating the future of the platform.
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- President Donald Trump said his administration is working with “four different groups” interested in buying Tiktok.
- Tiktok was temporarily detained at the US in January, as some government officials believe the platform is a threat of national security.
- On his first day in office, Trump signed an executive order to extend the detention deadline for 75 days. Bytedance, the Chinese parent company of Tiktok, now has until April 5 to divert the platform.
Nearly two months after signing an executive order to extend a ban on TIKTOK, President Donald Trump has alluded to the sale of the social media platform.
On the Board of the Air Force one Sunday, Trump told reporters that his administration is working with “four different groups” interested in buying Tiktok.
“Many people love it and belong to me,” he told Chinese -owned social media app. Trump did not specify which groups he was working with and his administration did not want to comment further when contacted by USA Today on Monday.
If the bytedance does not move Tiktok by April 5, the platform may face darkness once again. While users are waiting for an answer, here’s a look at what we know so far, including what groups have expressed interest in buying the platform.
Is Tiktok stop on April 5?
Tiktok was detained for about 12 hours on January 19 in the US, under federal legislation signed in law by former President Joe Biden last spring. The platform was revised after Trump provided Internet service providers in the US and app stores they would not face fines for providing its service to millions of Americans.
For years, some government officials have been worried that TIKTOK is a threat of national security, believing that Tiktok Bytedance owner is sharing US users with Chinese government. Biden legislation provided BYTEDance for several months to divert the platform before the USA Internet service providers and app stores would be required to make it unavailable to users.
Although Trump previously supported a ban on Tiktok, especially during his first term, he signed an executive order on his first day in office – January 20 – to extend the detention deadline for 75 days.
Bytedance now has until April 5th to move tikkun. Similarly, if the platform is not sold within the deadline, it will become illegal for US Internet service providers and app stores to wait Tiktok.
Tiktok did not respond immediately to comment when contacted by USA Today on Monday.
Who is interested in buying tiktok?
Although Trump did not divide the specifics of the four groups that his administration is working, here is a look at who expressed interested in buying Tiktok in the past.
Project freedom
Project Liberty, an organization led by former Los Angeles owner Dodgers Frank McCourt, presented an offer for Bytedance earlier this year. In addition to McCourt, the “Shark Tank” investor Kevin O’Leary and Reddit Alexis Ohranian co -founder are committed to the offer.
Mrbeast
A consortium of investors, led by the founder of employer.com and CEO JESSE Tinsley also presented an attempt at the Bytedance earlier this year.
According to a news announcement by the Paul Hastings Legal Firm, which is providing advice to the investor group, James “Jimmy” Donaldson, most often known as Mrbeast, is part of the consortium.
The best -known YouTube creator Donaldson humorously posted the purchase of the platform week before January. But after the post gained withdrawal, Donaldson again posted that “so many billionaires” had reached him. Since Monday, the Creator of Content had “new CEO of Tiktok?” In his bio tiktok.
Confusion
Loss he, a search engine based on the US, also set an offer in January, proposing a union, according to Reuters. Instead of a sale, the union will result in a new entity – a culmination of it and the confused tick.
Bobby Kotick, McMillion, Microsoft and Rumble
Others who have expressed the purchase of the platform over the years but have not made offers include: Bobby Kotick, the former -ceo of the Video Activision Game Company; Doug McMillion, CEO of Walmart; Microsoft, who expressed the purchase of the Walmart platform in 2020; and Rumble video broadcast platform.
Elon Musk ‘is not interested’ to buy tiktok
After Trump said he would be open to Spacex and CEO of Tesla Elon Musk buying Tiktok in January, the billionaire said he is not interested.
“I haven’t put in an effort for Tiktok,” Musk said during a German media summit last month. “I don’t have any plans for what I would do if I had tiktok.” The billionaire added that he does not use the platform and is unknown to its format.
Can people download, use tiktok now?
Although Trump’s executive order extending the ban on the platform came into force on January 20, Tiktok remained unavailable to download from Apple App Store and Google Play Store until February 13th.
For that window nearly a month, users who had already downloaded the app before stopping were able to use it again, but those who had not downloaded the app were unable to access it.
Tiktok is currently available in app stores.
Greta Cross is a national trend reporter in the USA Today. Follow him on X and Instagram @gretalcross. History ideas? E -mail to gCross@usatoday.com.