• Trump announces a group of "very wealthy people" as potential buyers for TikTok.
• China approval is expected for the sale to proceed, with confidence in President Xi's agreement.
• The deadline for TikTok's divestiture has been extended multiple times, now set for September 17.

In a recent interview with Fox News, President Donald Trump stated that a "group of very wealthy people" is ready to acquire TikTok, the social media app facing a potential ban in the United States due to national security concerns related to its parent company, ByteDance. Trump indicated he would reveal the identities of these buyers within two weeks, asserting, "We have a buyer for TikTok, by the way," according to Indiatimes and Channel News Asia.

Trump mentioned that the deal would likely require approval from the Chinese government, and he expressed confidence that President Xi Jinping would be supportive of the transaction. "I think President Xi will probably do it," Trump stated during the broadcast. This necessitates navigating regulatory frameworks in both countries, as outlined by Bloomberg and South China Morning Post.

The ongoing saga surrounding TikTok has seen the president extending the deadlines for divestiture multiple times, with the most recent extension pushing the deadline to September 17, 2025. This extension was necessary due to the bipartisan law mandating the divestiture of TikTok's U.S. operations or a subsequent ban on the app. Trump has repeatedly emphasized the app's importance to American users, particularly young ones, reflecting on its potential impact on his electoral support, as mentioned in Le Monde and Newsweek.

Despite facing significant hurdles—including prior negotiations collapsing amid disputes over tariffs—Trump remains optimistic about securing a deal. TikTok's parent company, ByteDance, continues to engage in discussions with U.S. officials regarding the sale, acknowledging that any agreement must comply with Chinese regulations, noted by The Hill and AA.