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Trump Says ‘Very Wealthy’ Group Will Buy TikTok Soon, Seeks Xi Jinping’s Approval

U.S. President Donald Trump reveals a mystery group is ready to purchase TikTok, expressing fondness for the app and openness to extending the deadline to avoid a U.S. ban

News Desk by News Desk
June 30, 2025
Reading Time: 2 mins read
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Trump Says ‘Very Wealthy’ Group Will Buy TikTok Soon, Seeks Xi Jinping’s Approval

(FILES) US President Donald Trump (L) and Chinese President Xi Jinping (R) walk together at the Mar-a-Lago estate in Palm Beach, Florida, April 7, 2017. China announced on April 9, 2025, massive retaliatory tariffs on US goods, sharply escalating a trade war started by President Donald Trump and fuelling fresh panic in global markets. Trump's latest salvo of tariffs came into effect on dozens of trading partners earlier Wednesday, including punishing duties of 104 percent on imports of Chinese products. (Photo by JIM WATSON / AFP)

U.S. President Donald Trump has revealed that a high-profile sale of TikTok may be imminent. Speaking in an interview with Fox News host Maria Bartiromo, Trump stated that a “group of very wealthy people” is preparing to buy the popular video-sharing app, although he declined to disclose the buyers’ identities.

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“We have a buyer for TikTok… I’ll need probably China approval and I think President Xi will probably do it,” Trump said on Sunday. “It’s a group of very wealthy people,” he added, suggesting a deal could be announced within the next two weeks.

Trump’s remarks come as a significant deadline looms. Under a 2024 U.S. law, TikTok’s Chinese parent company ByteDance must divest the app’s U.S. operations by January 19 or face a nationwide ban. Trump has not ruled out the possibility of further extending the deadline, indicating flexibility if a buyer is close.

In recent months, Trump has positioned himself as a supporter of TikTok, especially among younger voters. “I have a small warm place in my heart for TikTok,” he told NBC News in May, signaling his willingness to work toward a solution that preserves the platform while addressing national security concerns.

The potential sale has ignited widespread speculation online. Social media users suggested names like Elon Musk and other tech elites might be involved. “Better we own it than China,” one user wrote on X (formerly Twitter), while another noted, “TikTok will survive. There will be a buyer. It’s happening.”

The Biden administration has also pressured ByteDance to sell TikTok over fears of Chinese surveillance, but Trump’s latest comments reinsert him into the debate with a surprising pro-TikTok tone. Whether the mystery buyer can secure both U.S. and Chinese approval remains to be seen, but for now, Trump is betting on TikTok’s future in American hands.

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Tags: byteDance tiktok newsfox news tiktok trumptiktok american ownershiptiktok ban usa 2024tiktok deadline extensiontiktok saletrump 2024 social mediatrump tiktok buyertrump tiktok interviewtrump xi jinping tiktok
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News Desk

News Desk

A passionate news person, trying to reflect her views on the recent happenings around the globe, bringing you a nuanced perspective and keeping the ethics of journalism alive in the process. My journey started in an international newsroom, where I have covered major events and been to the roots of them.  The  South-Asian region has also caught my interest, where I have covered more of the features and cultural side of the South-Asian countries. As a journalist dedicated to ethical reporting and with a personal interest in exposing hidden narratives, I aim to offer complex perspectives that enhance comprehension of the modern, globalized world.

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India Reflects

India Reflects

India's first truly global news portal brings you unbiased news based on facts from India and around the World.

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