Get ready with me to see who could buy TikTok.
Before Donald Trump’s April 5th deadline for ByteDance, the Chinese proprietor of the well-known social media app, to sell their U.S. operations to an approved buyer, Jeff Bezos’ company Amazon has surfaced as a possible purchaser. This information comes from someone with knowledge of the ongoing negotiations, who spoke to NBC News.
The proposal from the online retailer was delivered in a letter to Vice President JD Vance and Commerce Secretary Howard Lutnick, but since it arrived just days before the deadline, it’s being viewed as less than serious by sources within the know.
If an agreement isn’t reached with a foreign buyer who isn’t Chinese by April 5, there’s a strong chance that TikTok will be prohibited in the United States. However, the president has suggested there might be a delay, as reported by the media outlet.
In January, the app momentarily stopped functioning due to non-compliance with a law enacted under the previous administration headed by President Joe Biden last year. However, on his inaugural day, Trump had extended ByteDance’s deadline, which allowed the app to resume operations just hours after the ban was implemented.
Despite some uncertainty about whether Amazon might acquire the video app, the president expressed his desire for TikTok to continue operating and expressed confidence that a suitable deal will be reached with a potential buyer.
Trump shared with the media on March 30th that there are numerous possible purchasers, indicating a significant level of curiosity towards TikTok.
Speaking passionately about TikTok, I can’t help but feel as though its fate rests in my hands. After all, it’s become so captivating and enticing that countless individuals are eagerly vying for a piece of it.
Even though the President is optimistic about a deal being finalized by his April 5th deadline, Vance suggests that working out the finer points of a plan might require additional time.
Generally, transactions of smaller size and requiring less capital often take several months to finalize, he shared with NBC News on March 14. However, we’re aiming to wrap up this one by early April. I believe the broad strokes of the deal will be evident soon. The real question is whether we can complete all the necessary documentation in time.
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2025-04-02 23:49