Trump seeks wealthy buyers for TikTok's U.S. operations

Former President Trump announced a potential deal for a "group of very wealthy people" to acquire TikTok's U.S. operations, potentially averting a ban. The announcement, made on Fox News, suggests a buyer will be revealed within two weeks, possibly requiring approval from the Chinese government. The Beijing-based parent company, ByteDance, faces a September 17 deadline to divest its U.S. assets due to national security concerns. Potential buyers include Oracle, Blackstone, and Andreessen Horowitz, as well as groups led by Frank McCourt and MrBeast. The U.S. government has raised concerns about data misuse and influence from TikTok's Chinese ownership. Trump, who has delayed enforcement, now aims to finalize the deal before the deadline, impacting the platform's 170 million U.S. users.