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In a Fox News interview aired June 29, President Donald Trump announced that he has assembled a group of \u201cvery wealthy people\u201d ready to buy TikTok\u2019s U.S. operations. He declined to name names but said the group would be revealed \u201cin about two weeks.\u201d The announcement followed his third extension of the federal deadline for ByteDance to divest TikTok\u2019s American assets, now pushed to September 17.<\/span><\/p>\n Trump\u2019s latest comments underscore the chaotic and highly political nature of the forced divestment process, which has been unfolding since early this year. The core concern: TikTok\u2019s ownership by Chinese tech giant ByteDance, and the national security risks tied to its control over user data and its proprietary content algorithm.<\/span><\/p>\n <\/p>\n <\/p>\n <\/p>\n \ud83d\uddd3\ufe0f January 19, 2025<\/b> – A U.S. law goes into effect requiring TikTok to be sold to a non-Chinese buyer or be banned. The law cites security concerns around ByteDance\u2019s data access and influence via TikTok\u2019s recommendation algorithm.<\/span><\/p>\n <\/p>\n \ud83d\uded1 February-April 2025<\/b> – President Trump, shortly after taking office, pauses enforcement and extends the sale deadline twice. Multiple potential buyers emerge, from tech giants like Amazon and Oracle to investor groups led by Frank McCourt, Steve Mnuchin, and even YouTuber MrBeast. Still, none present a viable plan to fully take over TikTok\u2019s algorithm.<\/span><\/p>\n <\/p>\n \ud83e\udd1d April-June 2025<\/b> – Focus shifts from an outright sale to a partial restructuring. Insiders point to Oracle (already TikTok\u2019s U.S. cloud host) and Jeff Yass\u2019s SIG (an existing ByteDance investor) as the most plausible stewards of a deal that would leave the algorithm in China, but bring U.S. data and moderation under American control.<\/span><\/p>\n <\/p>\n \ud83d\udcfa June 29, 2025<\/b> – Trump states on <\/span>Sunday Morning Futures<\/span><\/i> that a wealthy buyer group is in place. He implies Chinese approval may be needed for the deal and expresses confidence.<\/span><\/p>\n <\/p>\n <\/p>\n <\/p>\n While Trump\u2019s rhetoric suggests urgency and control, few expect a dramatic handover. The legal and technical realities point instead to a hybrid solution: Oracle and a group of U.S. investors (possibly including Blackstone, Silver Lake, or Andreessen Horowitz) take over U.S. user data and moderation infrastructure. ByteDance keeps the algorithm, protected under Chinese export law.<\/span><\/p>\n This \u201cmiddle-ground\u201d model reflects the same structure proposed back in 2020 during Trump\u2019s first term, when TikTok faced a similar regulatory crisis. It satisfies key U.S. security demands while avoiding direct confrontation with Beijing.<\/span><\/p>\n <\/p>\n <\/p>\n The delay is not just logistical – it\u2019s strategic. Trump has credited TikTok with helping him reach younger voters during the 2024 election. A pre-election ban could have alienated a digitally native base. Now, with the platform\u2019s future extending beyond summer, the administration can claim momentum without disruption.<\/span><\/p>\n As September 17 approaches, all eyes will be on whether Trump\u2019s mystery buyer group becomes more than just talk – and whether both Washington and Beijing are willing to greenlight a compromise that keeps TikTok scrolling in the U.S.<\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" In a Fox News interview aired June 29, President Donald Trump announced that he has assembled a group of \u201cvery wealthy people\u201d ready to buy TikTok\u2019s U.S. operations. He declined to name names but said the group would be revealed \u201cin about two weeks.\u201d The announcement followed his third extension of the federal deadline for […]<\/p>\n","protected":false},"author":21,"featured_media":20815,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"content-type":""},"categories":[],"tags":[],"class_list":["post-20809","news","type-news","status-publish","format-standard","has-post-thumbnail","hentry"],"acf":{"news_title":"","news_title_source":{"label":"News Title","type":"text","formatted_value":""},"news_short_summery":"In a June 29 Fox News interview, President Trump revealed he has a group of \u201cvery wealthy people\u201d lined up to buy TikTok\u2019s U.S. operations, with identities to be announced in two weeks. This comes as he extends the divestment deadline for ByteDance for a third time.","news_short_summery_source":{"label":"News Short Summery","type":"text","formatted_value":"In a June 29 Fox News interview, President Trump revealed he has a group of \u201cvery wealthy people\u201d lined up to buy TikTok\u2019s U.S. operations, with identities to be announced in two weeks. This comes as he extends the divestment deadline for ByteDance for a third time."},"news_quotes":"","news_quotes_source":{"label":"News Quotes","type":"text","formatted_value":""},"additional_content":"","additional_content_source":{"label":"Additional Content","type":"wysiwyg","formatted_value":""}},"yoast_head":"\n
\nHow We Got Here: A 2025 Timeline<\/b><\/h3>\n
\nThe Likely Shape of the Deal<\/b><\/h3>\n
A Political Tightrope<\/b><\/h3>\n