President Donald Trump said on Sept. 16 that the United States has a buyer for TikTok and that a deal will preserve tens of billions of dollars in value for both China and the United States.
“We have a deal on TikTok. … We have a group of very big companies that want to buy it,” Trump said at a press conference, without providing further details.
The president is set to have a call with Chinese leader Xi Jinping on Friday to finalize details.
It is unclear whether China will retain a stake in the U.S. version of TikTok.
“We haven’t decided that, but it looks to me, and I’m speaking to President Xi on Friday, for confirmation of that,” Trump said in response to a question about the matter….
Trump Says US TikTok Buyer Lined Up, but Beijing Wants to Retain Algorithm
