TikTok Buyers Engaging Directly with White House
Multiple parties interested in acquiring TikTok are reportedly engaged in direct discussions with the White House, bypassing its Chinese parent company, ByteDance, according to Axios.
TikTok's status has been uncertain since January 19, when a law took effect potentially forcing ByteDance to divest or face a ban. President Trump signed an executive order delaying enforcement for 75 days after taking office.
The White House, TikTok, and ByteDance have not responded to requests for comment.
Trump has expressed a desire for the U.S. government to hold a stake in TikTok, which has gained widespread popularity, reaching nearly half of Americans.
The turmoil surrounding TikTok has attracted potential buyers, including former Los Angeles Dodgers owner Frank McCourt. Analysts estimate the rapidly expanding business could be valued at up to $50 billion.
Trump has indicated discussions regarding TikTok's purchase involve multiple parties and anticipates a decision on its future in February. He also hinted at the possibility of extending the 75-day deadline.