Topline
President Donald Trump said a “group of very wealthy people” was lined up to purchase TikTok—after repeatedly delaying enforcement of a ban on the popular short form video app owned by Chinese tech company ByteDance.
Trump said a “group of very wealthy people” intends to buy TikTok.
Key Facts
“I think I will need China[’s] approval, and I think President Xi will probably do it,” Trump told Fox News host Maria Bartiromo on her “Sunday Morning Futures” program, but did not go into any further details about the deal.
Trump did not divulge any further details about the buyer, insisting “I’ll tell you in about two weeks.”
This is a developing story and will be updated.
