April 5 is approaching, and while Donald Trump has repeatedly mentioned the possibility of extending the delay on the TikTok ban in the U.S., he is actively seeking potential buyers. According to the U.S. President, four options are currently being considered, all of which are acceptable to American authorities.
The law banning TikTok in the United States was originally set to take effect on January 19, the day before Donald Trump’s inauguration. However, after initial disruptions, the social network was granted a 75-day extension until April 5 due to the change in administration. Speaking aboard a government jet, President Trump told reporters that a deal for TikTok’s U.S. business could be announced soon: “We are dealing with four different groups, many want to buy, all four are good.”
Deal Approval and Chinese Involvement
Experts estimate the American segment of TikTok to be worth around $50 billion, making it a challenging acquisition for individual investors. Most likely, interested parties have formed consortiums, aligning investors with similar strategic goals for the platform’s future, notes NIXSOLUTIONS.
Despite progress, the deal still requires approval from Chinese authorities. TikTok’s recommendation algorithm is considered a valuable asset, and under Chinese law, it cannot be transferred abroad without government authorization. As discussions continue, we’ll keep you updated on any further developments.