Blackstone exits TikTok U.S. deal as Trump-backed consortium nears agreement amid legal delays, investor shifts, and national security concerns over Chinese ownership.
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“We have a buyer for TikTok, by the way,” Trump said — as the U.S. awaits a deal on the app’s future amid legal, political, and trade hurdles.
TikTok has been granted a 90-day-extension in enforcement of a law that requires the social media platform to divest from its Chinese-owned parent company ByteDance
Thanks to President Donald Trump, TikTok now has an additional 75 days to find a buyer for its U.S. operations.
With the deadline for TikTok’s separation from its Chinese parent company ByteDance looming ahead, three more companies have joined the race
President Donald Trump may cut tariffs to China if it helps seal the deal when it comes to selling TikTok
Oracle’s proposal was reportedly discussed in the Trump administration last week and includes guarantees of “no backdoor in a U.S. version of TikTok for China’s government to exploit.”
According to data from analytics firm Sensor Tower, TikTok was the second most downloaded app in the U.S. last year, with 52 million downloads
“I don’t have any plans for what I would do if I had TikTok. I’m not chomping at the bit to acquire TikTok, I do not acquire companies in general, it’s quite rare. I usually build companies from scratch.”
President Donald Trump said he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app’s future in the next 30 days
Jimmy Donaldson, one of YouTube’s most followed content creators, may be eyeing the social media platform TikTok as a possible purchase
Meta has also announced some changes to make its platforms Facebook and Instagram friendlier for TikTok creators
While TikTok is at least partially available as of today, some of these other applications remain unavailable to U.S. users
The president-elect, during his Make America Great Again (MAGA) Victory Rally at Washington D.C.’s Capital One Arena, said: “As of today, TikTok is back.”
In a decision without any disagreements, the judges turned down a free speech argument made by the company. This means the law will go into effect as planned on Sunday
Chinese officials are reportedly considering selling TikTok’s U.S. operations to Elon Musk before the social media app’s sell-or-buy decision before Jan. 19.
As the TikTok ban looms creators and businesses scramble for alternatives. Many creators are already urging their followers to connect on YouTube and Instagram, signalling a migration to Meta and Google platforms, which stand to benefit from TikTok’s woes.