President Trump is poised to announce a deal for TikTok's sale before the upcoming April 5 deadline, following an executive order that mandates a divestment from its Chinese parent company ByteDance due to national security concerns. Trump indicated strong interest from multiple buyers, including US-based investors seeking stakes in TikTok to ensure American user data security. He mentioned the possibility of extending the sale deadline if necessary, while some lawmakers express demands for total divestment of Chinese ownership in TikTok.
We have a lot of potential buyers. There's tremendous interest in TikTok. The decision is going to be my decision, as you know, through Congress. They've given me the power to make the decision.
I'd like to see TikTok remain alive. We're likely to announce a grace period of 30 days or longer while we iron out the details of the deal.
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