TikTok Sale “Pretty Much” Agreed Upon, Trump Administration Signals Imminent Deal with China
A potential resolution to the long-running saga surrounding TikTok’s future in the United States appears to be nearing completion, according to recent statements from President Trump. Talks between the US and China regarding the popular video app are anticipated to commence as early as Monday or Tuesday, signaling a significant step toward resolving national security concerns that prompted a proposed ban.
The Looming Ban and Search for a Buyer
The situation stems from a national security-motivated effort to force the sale of TikTok’s US operations. ByteDance, the Chinese tech firm that owns TikTok, has been under pressure to find a buyer since January 19, 2025, when a ban on the app operating within the US was set to take effect. The Trump administration has repeatedly extended this deadline, a move that critics have deemed unlawful.
According to sources, any deal involving the divestiture of TikTok’s US operations will likely require approval from the Chinese government. Speaking on Air Force One Friday night, President Trump acknowledged this necessity, stating, “I’m not confident, but I think so,” when questioned about the likelihood of a confirmed agreement. He further expressed optimism about the potential outcome, adding, “I think the deal is good for China and it’s good for us.”
Details Remain Scarce, Valuation Soars
Despite the positive outlook, President Trump has remained notably reserved regarding specific details of the potential deal. Earlier this week, he indicated to Fox News that an agreement was already in place with “very wealthy people,” promising further clarification within “two weeks.” The substantial valuation of TikTok’s US operations – estimated at up to $50 billion – underscores the financial stakes involved and the need for a well-capitalized buyer.
A Field of Potential Suitors
Numerous companies have expressed interest in acquiring TikTok’s US business. Enterprise software giant Oracle has emerged as a front-runner in the bidding process, according to unconfirmed reports. However, several other contenders have entered the fray, including a consortium of investors spearheaded by former Los Angeles Dodgers owner Frank McCourt. Adding another layer of complexity, AI-powered search engine Perplexity has also signaled its intention to participate in the acquisition.
The coming days will be critical as negotiations between the US and China unfold, potentially paving the way for a final resolution to the TikTok dilemma.
