TikTok Buyer Confirmed by Trump - Announced Soon

After months of speculation and multiple deadline extensions, U.S. President Donald Trump has confirmed that a buyer has been found for the U.S. operations of the popular short-video app TikTok. 

Trump made the announcement during a Fox News interview aired on Sunday, adding that the deal involves "very wealthy people" and is awaiting China's approval. The final details, including the identity of the buyer, are expected to be revealed in about two weeks.

This development comes amid ongoing geopolitical tensions between the U.S. and China and renewed concerns over data privacy and national security. 

In this article, we break down the latest updates on the TikTok buyer, Trump's involvement, and what the future holds for the social media giant in the United States.

TikTok Buyer Confirmed: What Trump Said

Speaking on Fox News' Sunday Morning Futures with Maria Bartiromo, President Trump stated:

"We have a buyer for TikTok, by the way. I think I'll need probably China's approval. I think President Xi will probably do it."

Trump declined to name the buyer but described them as a group of "very wealthy people," indicating that the acquisition is backed by powerful financial interests. 

He emphasized that the transaction will likely require a green light from Chinese President Xi Jinping, suggesting the deal's sensitive geopolitical implications.

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Background: Why TikTok Needed a Buyer

The move to sell TikTok's U.S. operations stems from a 2024 U.S. law that mandated ByteDance, TikTok's China-based parent company, to either divest its U.S. operations or face a total ban. 

Concerns over user data security and Chinese government influence led to bipartisan support for the legislation.

Initially, ByteDance was given until January 19, 2025, to complete a sale or show substantial progress. Trump has since extended the deadline three times, with the latest extension pushing the deadline to September 17, 2025.

Why This Deal Matters

1. Political Leverage

President Trump has long used TikTok as both a political and economic bargaining chip. He credits the app for helping him connect with younger voters during the 2024 election and has made its U.S. presence a national priority.

2. Geopolitical Stakes

The deal comes at a time when U.S.-China relations remain tense due to trade disputes, tech competition, and military positioning in the Asia-Pacific. Any agreement involving Chinese tech assets is bound to be scrutinized by both governments.

3. Regulatory Approval Needed

While Trump is optimistic, any final transaction will need approval from the Committee on Foreign Investment in the United States (CFIUS) and potentially China's Ministry of Commerce. Beijing had previously blocked a similar deal in 2024 after Trump's tariff announcements.

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Who Could Be the Buyer?

Although the names have not been officially released, speculation is rife in the business and tech community. Likely candidates include:

• Consortiums led by U.S. private equity firms
• Tech giants previously interested in TikTok, such as Oracle or Walmart
• New media conglomerates backed by Silicon Valley investors

What’s clear is that the buyer will be a U.S.-based entity or group of entities, in order to meet the divestiture requirements laid out in the 2024 legislation.

What Happens Next?

If China's approval is secured, the sale could close by the current September deadline. Once completed:

• TikTok’s U.S. operations will be separated from ByteDance
• User data will be stored on U.S.-based servers
• A new governing board is likely to be appointed

Additionally, the platform’s algorithms may need to be re-engineered or licensed to comply with U.S. legal standards.

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Conclusion

Trump’s confirmation that a TikTok buyer has been found is a major turning point in a saga that has lasted over a year. 

While the identities of the buyers remain confidential, the statement suggests progress is being made behind the scenes. The next few weeks will be critical as the world watches for the official announcement and whether China will cooperate. 

The outcome will not only shape TikTok’s future in the U.S. but could also redefine how tech platforms operate under cross-border scrutiny.

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FAQ

What is the latest update on the TikTok buyer?

Donald Trump has confirmed that a buyer has been found for TikTok and that the identity of the buyer will be revealed in about two weeks.

Who is the TikTok buyer Trump mentioned?

Trump did not disclose names but described the buyers as "very wealthy people." Speculation points to U.S. private equity or tech companies.

Does the TikTok sale need China’s approval?

Yes. Trump indicated that Chinese President Xi Jinping would likely need to approve the sale before it is finalized.

Why is TikTok being sold?

A 2024 U.S. law mandated ByteDance to divest TikTok’s U.S. assets due to national security concerns, or face a ban.

When will the TikTok buyer be revealed?

According to Trump, the announcement is expected within the next two weeks, before the September 17 deadline.