President Donald Trump hinted on Fact Social on Monday {that a} TikTok deal was imminent.
“The massive Commerce Assembly in Europe between The US 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 folks in our Nation very a lot needed to avoid wasting. They are going to be very pleased! I can be talking to President Xi on Friday. The connection stays a really robust one!!! President DJT.”
Congress authorized a regulation final yr requiring TikTok to separate from its mother or father 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 had been very targeted on TikTok and ensuring that it was a deal that’s honest for the Chinese language and fully 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 US and China have reached an settlement on TikTok on the fourth spherical of negotiations in Madrid. Gustavo Valiente/Europa Press | Getty Photographs
Who Will Purchase TikTok?
It’s unclear right now which suitor will take possession, per CNBC. However there are various 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 Folks’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 in regards to the business groups of the deal,” Bessent mentioned. “It is between two personal events, however the business phrases have been agreed upon.”
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