President Trump announced that a deal for TikTok's sale by its parent company ByteDance is expected to be finalized before the April 5 deadline. He expressed optimism, noting significant buyer interest and affirming his desire for TikTok to continue operating. Additionally, reports revealed that private equity firm Blackstone is considering acquiring a minor stake in TikTok's U.S. business, potentially joining other current shareholders to support the bid. Trump also mentioned the possibility of extending the timeline again if necessary.
"We have a lot of potential buyers," Trump told reporters. "There's tremendous interest in TikTok. I'd like to see TikTok remain alive."
Reuters reported on Friday that private equity firm Blackstone is mulling a small stake in TikTok's U.S. operations.
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