President Donald Trump hinted on Reality Social on Monday {that a} TikTok deal was imminent.
“The large Commerce Assembly in Europe between The USA of America, and China, has gone VERY WELL! Will probably be concluding shortly,” Trump wrote on Monday morning. “A deal was additionally reached on a “sure” firm that younger individuals in our Nation very a lot needed to save lots of. They are going to be very completely happy! I shall be chatting with President Xi on Friday. The connection stays a really sturdy one!!! President DJT.”
Congress accepted a legislation final yr requiring TikTok to separate from its father or mother firm, Beijing-based ByteDance, or face a everlasting ban within the U.S. After a number of extensions, the deadline is now Wednesday. Shortly after Trump’s submit, Treasury Secretary Scott Bessent mentioned on Monday that the U.S. and China have agreed to the “framework” of a deal for Beijing-based ByteDance to divest TikTok to a U.S. purchaser.
President Trump and Xi Jinping, China’s chief, are reportedly planning to talk on Friday and finalize the deal, per The New York Instances.
“We have been very targeted on TikTok and ensuring that it was a deal that’s truthful for the Chinese language and utterly respects U.S. nationwide safety considerations, and that is the deal we reached,” Bessent mentioned from Madrid.
U.S. Treasury Secretary Scott Bessent addresses the media as he leaves a gathering, Sept. 15, 2025, in Madrid, Spain. The USA and China have reached an settlement on TikTok on the fourth spherical of negotiations in Madrid. Gustavo Valiente/Europa Press | Getty Photos
Who Will Purchase TikTok?
It’s unclear presently which suitor will take possession, per CNBC. However there are lots of hopefuls.
Oracle is reportedly a frontrunner, as the corporate has been TikTok’s U.S. cloud supplier since 2022. Kevin O’Leary has teamed up with billionaire former Dodgers proprietor Frank McCourt and Reddit co-founder Alexis Ohanian in “The Individuals’s Bid.” AI startup Perplexity submitted a bid to merge its enterprise with TikTok’s U.S. division for greater than $50 billion. Amazon and Applovin additionally individually submitted bids.
“We’re not going to speak concerning the industrial groups of the deal,” Bessent mentioned. “It is between two personal events, however the industrial phrases have been agreed upon.”
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