U.S. President Donald Trump said on Sunday that his administration is in contact with four different groups regarding the sale of TikTok, the popular Chinese-owned social media platform.
The comments come as TikTok’s future remains uncertain under a law that requires its owner, ByteDance, to either sell the platform on national security grounds or face a ban—a deadline that took effect on January 19.
During a briefing aboard Air Force One, Trump remarked, “We’re dealing with four different groups, and a lot of people want it … all four are good.” When asked about the likelihood of a deal materializing soon, he added, “It could.” The administration’s efforts follow an executive order signed on January 20, which sought to delay the law’s enforcement by 75 days, providing additional time for negotiations.
The evolving situation has attracted several potential buyers, including former Los Angeles Dodgers owner Frank McCourt. Business analysts have speculated that TikTok could be valued at as much as $50 billion, underscoring the high stakes involved. TikTok and ByteDance have not immediately responded to Reuters’ requests for comment.
The discussions are taking place amid broader concerns over national security and the influence of Chinese technology in the United States. As the Trump administration explores various options, the outcome of these talks could have significant implications for the platform’s operation in America and its global market presence.
With negotiations ongoing, industry observers continue to watch closely, aware that any deal could reshape the competitive landscape of social media while setting a precedent for future technology transactions under geopolitical pressures.
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Supporters of far-right politician Calin Georgescu clashed with police outside the central election authority in Bucharest on Sunday following news that the electoral commission barred him from the re-run of the country's cancelled presidential election.
US Senator Lindsey Graham warned that cutting US military aid and intelligence to Ukraine could have worse consequences than Afghanistan. He stressed Ukraine needs continued support and vowed to introduce sanctions on Russia if peace talks fail, amid a pause in US aid.
Traton forecasts slow growth for 2025 due to weak European demand and a decline in electric vehicle sales. The company expects a sales change of -5% to +5% and focuses on improving efficiency amid global economic uncertainty and geopolitical challenges.
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The Russian Foreign Ministry announced today that two UK diplomats were stripped of their accreditation accusing them of providing false information and evidence of "espionage and covert activities."
Deliveroo exits Hong Kong, selling assets to Foodpanda due to consistent losses and market challenges. Despite efforts to expand, Hong Kong operations made up only 5% of global transactions. The company will close remaining assets and wind up its business by April 7.
Russia’s state arms exporter, Rosoboronexport, has confirmed the signing of a $248 million contract with India for engine supplies, aimed at upgrading India’s T-72 tanks.
Ukrainian President Zelenskyy meets Saudi Crown Prince before crucial U.S. talks. With Ukraine facing military pressure, Zelenskyy seeks a ceasefire and aid, while the U.S. shifts its stance. The delegation will discuss a vital minerals deal for continued support.
US Senator Lindsey Graham warned that cutting US military aid and intelligence to Ukraine could have worse consequences than Afghanistan. He stressed Ukraine needs continued support and vowed to introduce sanctions on Russia if peace talks fail, amid a pause in US aid.
Traton forecasts slow growth for 2025 due to weak European demand and a decline in electric vehicle sales. The company expects a sales change of -5% to +5% and focuses on improving efficiency amid global economic uncertainty and geopolitical challenges.
The Russian Foreign Ministry announced today that two UK diplomats were stripped of their accreditation accusing them of providing false information and evidence of "espionage and covert activities."
The Indian Army contingent has departed for the India-Kyrgyzstan Joint Special Forces Exercise KHANJAR-XII, which will be held from March 10 to March 23, 2025.
Deliveroo exits Hong Kong, selling assets to Foodpanda due to consistent losses and market challenges. Despite efforts to expand, Hong Kong operations made up only 5% of global transactions. The company will close remaining assets and wind up its business by April 7.
Russia’s state arms exporter, Rosoboronexport, has confirmed the signing of a $248 million contract with India for engine supplies, aimed at upgrading India’s T-72 tanks.
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