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Home Business & Finance Economic Policies

TikTok buyers: Who is buying TikTok? Donald Trump says he has found very wealthy buyers todayheadline

June 29, 2025
in Economic Policies
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TikTok is very close to be sold as US President Donald Trump has revealed brief details about a ‘buyer’. In an interview broadcast on Sunday that President Trump had found a buyer for TikTok, a group of “very wealthy people” who he will reveal in about two weeks. Earlier in June, President Trump signed an executive order to keep TikTok running in the US for another 90 days to give his administration more time to broker a deal to bring the social media platform under American ownership.

Meanwhile, President Trump revealed the latest details about potential buyers of TikTok in an interview on Fox News Channel’s “Sunday Morning Futures with Maria Bartiromo”.

Earlier in June, TikTok had praised President Trump for signing the extension.

It is the third time Trump has extended the deadline. The first one was through an executive order on January 20, his first day in office, after the platform went dark briefly when a national ban — approved by Congress and upheld by the US Supreme Court — took effect. The second was in April when White House officials believed they were nearing a deal to spin off TikTok into a new company with the US ownership that fell apart after China backed out following Trump’s tariff announcement.

It is not clear how many times Trump can — or will — keep extending the ban as the government continues to try to negotiate a deal for TikTok, which is owned by China’s ByteDance. While there is no clear legal basis for the extensions, so far there have been no legal challenges to fight them. Trump has amassed more than 15 million followers on TikTok since he joined last year, and he has credited the trendsetting platform with helping him gain traction among young voters. He said in January that he has a “warm spot for TikTok”.

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FAQs

Q1. Who is President of USA?
A1. President of USA is Donald Trump.Q2. Is TikTok banned in USA?
A2. No TikTok is currently not banned in the USA. Earlier in June, President Trump signed an executive order to keep TikTok running in the US for another 90 days to give his administration more time to broker a deal to bring the social media platform under American ownership.

Tags: buyersbuyingdonaldTikTokTikTok buyersTikTok buyers latestTikTok buyers latest newsTikTok latest newsTikTok newstodayheadlineTrumpWealthy
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