Trump says he found a group of “wealthy” to buy Tiktok

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President Donald Trump says he found a “very wealthy group” to buy American operations of Takhtok as part of the efforts made to separate the ownership of the social media platform from China.

“We have a Tiktok buyer. I think I will likely need China’s approval and I think President Xi would likely do so,” Trump told Fox News in an interview on Sunday.

The United States government has been repeatedly delayed on the deadline of the Tiktok bytedance Malik to strip its American operations to implement video participation or face a ban in the country in the United States. The last deadline is September 17, after it has been returned three times since the first date in January.

Trump, who has strengthened Tijk to link him to the younger voters in the 2024 elections, said he would give more details about buyers next month.

He added, “I will tell you in about two weeks … It is a group of wealthy.”

In April, I mentioned financial times The White House was discussing a deal with a group of American investors, including Andrink Horwitz, Blackston, Silver Lake, other private capital companies, which have about half of the American Tijook works.

The current current investors in Tiktok, which include General Atlantic, Suskahna, KKR and Coature, will take the risks in the American arm, which constitute about 30 percent of the works.

Any deal must be approved by by atteedance and the Chinese government, as Trump pointed out. China had previously stated that it would prohibit the sale, and it appears that Trump’s tariff in China in April stopped negotiations.

Another area of ​​disagreement is whether China is ready to abandon control of Tiktok algorithm, which is the basic technology that determines what users see on the platform.

Some analysts have suggested that to meet the requirements of the executive command, which will apply a closure or sale to Tiktok, the American entity must have control over the algorithm.

Tiktok algorithm is listed in the Chinese official The algorithm database, It is likely to attract any export of highly wonderful royal technology.

Tiktok did not immediately respond to a request for comment.

Additional reports by Stefania Palma