President Trump announced that he has found a buyer for TikTok's US operations, owned by ByteDance, but he will not disclose specifics for two weeks. He expressed optimism about receiving approval from Chinese President Xi Jinping. Previously, Trump had extended the deadline for ByteDance to sell TikTok, citing national security concerns that led Congress to mandate the divestiture. The negotiations are complicated by ongoing tensions in US-China trade relations, and the White House has not provided further comment on the buyout.
We have a buyer for Tiktok, by the way. I think I'll need probably China approval and I think President Xi will probably do it.
Trump earlier said he would extend for the third time a deadline for Bytedance to sell the US portions of TikTok.
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