Group “very rich people”
Trump claims to have found buyers for Tikkok
29.06.2025 – 7:13 p.m.Reading time: 2 min.
The United States wants to force China to sell the Tikok platform. There have been several interested parties, but now the US President wants to find a group of investors.
According to US President Donald Trump, a buyer for their US business has been found in the dispute over the Chinese video platform TIKTOK. It is a group of “very rich people” who are likely to be approved by Chinese President Xi Jinping, Trump told Fox News in an interview broadcast on Sunday. “By the way, we have a buyer for Tiktok,” said Trump. “I think I will probably need China’s approval. I think President Xi will probably do that.” Trump announced that he would announce the names of the participants in about two weeks.
Due to a feared threat to national security, the US Congress in 2024 had legally determined that the Chinese Tikok mother group had to sell its US business by January 19, 2025. Otherwise, the platform in the USA will be blocked despite its popularity. However, Trump has extended this deadline three times since he took office in January, most recently until September 17th. The Republican had benefited from Tiktok in the presidential election campaign, where young people in particular follow him.
TIKTOK, Bytedance and Chinese authorities have rejected the USA allegations of manipulation. The Chinese government had made it clear that it reserved the last word in the conflict about the forced sale of Tikok’s US business. “The specific business agreements must correspond to Chinese laws, including the export of technology that has to be approved,” said the Ministry of Commerce in Beijing. This referred to the recommendation algorithm, which is considered the heart of the short video platform.
The software groups Microsoft and Oracle were among other things as prospective tictok. US financial investors such as KKR, Susquehanna or General Atlantic were also traded as possible buyers.
