On Wednesday, President Trump is expected to review a final proposal regarding TikTok, according to sources familiar with the discussions, as reported by CBS News.
The administration is nearing the completion of plans that may involve potential investors, including firms like Blackstone and Oracle, along with numerous other high-profile private equity, venture capital firms, and significant technology investors.
A meeting in the Oval Office will convene key officials from the administration to discuss the deal, including Vice President JD Vance, Commerce Secretary Howard Lutnick, National Security Adviser Mike Waltz, and Director of National Intelligence Tulsi Gabbard. The approval of the strategy by Mr. Trump remains uncertain.
Trump has set a deadline of Saturday, April 5, for ByteDance, the Chinese parent company of TikTok, to divest its ownership in the app, or it could face a ban in the United States. Although lawmakers established a January 19 deadline for the sale last year, Trump signed an executive order extending the timeframe by 75 days to allow for a potential agreement.
Speaking to reporters aboard Air Force One over the weekend, Trump remarked, “We have a lot of potential buyers. There’s a lot of interest in TikTok. The decision is going to be my decision.” He expressed a desire for TikTok to continue operating and reiterated his belief that there is “a lot of enthusiasm for TikTok” during remarks in the Oval Office on Monday.
