11-3-2025 (WASHINGTON) In a significant development concerning the fate of the popular social media platform TikTok, US President Donald Trump has revealed ongoing negotiations with multiple potential buyers, marking a crucial phase in the platform’s uncertain future in America.
Speaking to journalists aboard Air Force One, Trump disclosed that his administration is currently engaged in discussions with four distinct consortiums, all of whom he regards favourably. When pressed about the imminence of a deal, the President responded with measured optimism, suggesting it remained a possibility.
The social media giant’s predicament stems from recent legislation that mandated its parent company, ByteDance, to either divest its US operations or face an outright ban, citing national security concerns. Trump’s administration subsequently issued an executive order extending the compliance deadline by 75 days following his assumption of office on 20 January.
Amongst the interested parties is Frank McCourt, the former proprietor of the Los Angeles Dodgers baseball franchise. Industry analysts have placed a substantial valuation on TikTok’s operations, suggesting the platform could command up to $50 billion, reflecting its remarkable growth and market penetration.
When approached for comment regarding these developments, both TikTok and ByteDance maintained their silence, as the enquiries were made outside standard business hours.
The ongoing negotiations represent a pivotal moment for the Chinese-owned platform, which has become embroiled in broader discussions about data security and international technology governance. The situation continues to evolve, with significant implications for the global social media landscape and US-China relations.
