On March 9, aboard Air Force One, President Trump stated that his administration was engaged with four different parties regarding the sale of the Chinese-owned social media platform, TikTok, affirming that all options were favorable.
The uncertainty surrounding TikTok's future emerged due to a law mandating ByteDance, its parent company, to sell it for national security reasons or risk a ban, which came into effect on January 19. Shortly after assuming office on January 20, President Trump signed an executive order to postpone the law's enforcement by 75 days.
When asked about the likelihood of a TikTok deal, President Trump informed journalists on Air Force One that "it could" happen. He mentioned, "We're dealing with four different groups, and a lot of people want it... all four are good."
Despite inquiries, TikTok and ByteDance had not responded to Reuters' requests for comment after regular business hours.
The upheaval surrounding TikTok has drawn interest from various potential buyers, such as the former Los Angeles Dodgers owner, who analysts believe could value TikTok at as much as $50 billion.