“It is a group of very rich people,” said the American president interviewed in the “Sunday Morning Futures” program on the identity of buyers, adding that he would say more in “two weeks”.
Under a law voted at Congress in 2024, the social network remains in fact under a ban in the United States if his parent company Bytedance does not abandon control. Republican elected officials and Democrats then said they are concerned about the use of data by China or an attempt to influence American public opinion.
But Donald Trump had given an additional stay in mid-June to Tiktok for the sale of the social network, imposed in Bytedance by this Congress Act. By postponing the deadline, the American president had also maintained Tiktok available for his more than 170 million users in the United States.
According to several American media, a protocol had been found in early April for this sale which provided for the separation of the American branch of Tiktok from the Bytedance group, with a recomposition of the capital.
Blocked transaction
The shares held by non -Chinese investors went from 60 to 80%, Bytedance keeping the 20% it currently has. But the announcement of customs duties imposed by Donald Trump on his business partners, including Beijing, blocked the Chinese side transaction.
However, China announced on Friday to have “confirmed” with the United States the framework of its trade agreement, ensuring that Washington would raise restrictions against it and that Beijing could validate the export of more articles subject to control as strategic metals entering advanced technology.
“I think I’m probably going to need China. I think President Xi will probably do it,” Trump said on Sunday, in reference to the possible need for the tiktok sale agreement to be validated at the highest summit of the Chinese state.
