Trump set the April 5 deadline in January for TikTok to find a non-Chinese buyer or face a US ban on national security grounds that was set to have taken effect that month under a 2024 law.
“We have a lot of potential buyers,” Trump told reporters on Air Force One late on Sunday. “There’s tremendous interest in TikTok,” adding, “I’d like to see TikTok remain alive.”
TikTok did not immediately comment.
Reuters reported on Friday that private equity firm Blackstone was evaluating making a small minority investment in TikTok’s US operations, according to two people familiar with the matter.
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TikTok is back online as Donald Trump vows executive order to temporarily block ban
TikTok is back online as Donald Trump vows executive order to temporarily block ban
Blackstone is discussing joining ByteDance’s existing non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in contributing fresh capital to bid for TikTok’s US business. The group has emerged as front-runners.
