Ever since the 2024 law, passed with bipartisan support, required ByteDance to divest TikTok, the app’s fate is hanging in balance in the US. Nearly 170 million Americans use the app, making its potential ban a major issue, both politically and economically.
However, in a latest update, President Donald Trump has hinted that a deal for TikTok’s US operations could be finalised before the looming April 5 deadline, Reuters reported. Speaking aboard Air Force One on Sunday, Trump expressed optimism, stating, “We have a lot of potential buyers. There’s tremendous interest in TikTok. I’d like to see TikTok remain alive.”
The popular short-video platform, owned by China’s ByteDance, has been under scrutiny over national security concerns. In January, Trump set a deadline requiring TikTok to find a non-Chinese buyer or face a US ban under a 2024 law aimed at addressing data privacy and foreign influence concerns.
Private equity firm Blackstone is reportedly evaluating a minority investment in TikTok’s US operations, the report further stated. The firm is in discussions to join ByteDance’s existing non-Chinese investors in a potential takeover bid. This group has emerged as the leading contender to acquire TikTok’s US assets.
Washington has long argued that ByteDance’s ties to Beijing could pose a risk, allowing China to conduct influence campaigns or access sensitive user data. Last week, Trump acknowledged the role China will play in getting any deal done, including giving its approval, saying “maybe I’ll give them a little reduction in tariffs or something to get it done”.
Vice President JD Vance said he expects that the “general terms of an agreement” will be reached by April 5, Reuters reported. However, Trump has previously indicated he is open to extending the deadline if necessary.