President Donald Trump hinted on Truth Social on Monday {that a} TikTok deal was imminent.
“The massive Commerce Assembly in Europe between The USA of America, and China, has gone VERY WELL! It is going to be concluding shortly,” Trump wrote on Monday morning. “A deal was additionally reached on a “sure” firm that younger folks in our Nation very a lot wished to avoid wasting. They are going to be very completely satisfied! I might be chatting with President Xi on Friday. The connection stays a really sturdy one!!! President DJT.”
Congress approved a law final yr requiring TikTok to separate from its father or mother firm, Beijing-based ByteDance, or face a everlasting ban within the U.S. After multiple extensions, the deadline is now Wednesday. Shortly after Trump’s submit, Treasury Secretary Scott Bessent stated on Monday that the U.S. and China have agreed to the “framework” of a deal for Beijing-based ByteDance to divest TikTok to a U.S. purchaser.
President Trump and Xi Jinping, China’s chief, are reportedly planning to talk on Friday and finalize the deal, per The New York Times.
“We have been very targeted on TikTok and ensuring that it was a deal that’s honest for the Chinese language and fully respects U.S. nationwide safety considerations, and that is the deal we reached,” Bessent stated from Madrid.
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U.S. Treasury Secretary Scott Bessent addresses the media as he leaves a gathering, Sept. 15, 2025, in Madrid, Spain. The USA and China have reached an settlement on TikTok on the fourth spherical of negotiations in Madrid. Gustavo Valiente/Europa Press | Getty Photographs
Who Will Purchase TikTok?
It’s unclear presently which suitor will take possession, per CNBC. However there are lots of hopefuls.
Oracle is reportedly a frontrunner, as the corporate has been TikTok’s U.S. cloud supplier since 2022. Kevin O’Leary has teamed up with billionaire former Dodgers proprietor Frank McCourt and Reddit co-founder Alexis Ohanian in “The People’s Bid.” AI startup Perplexity submitted a bid to merge its enterprise with TikTok’s U.S. division for more than $50 billion. Amazon and Applovin additionally individually submitted bids.
“We’re not going to speak concerning the industrial groups of the deal,” Bessent stated. “It is between two non-public events, however the industrial phrases have been agreed upon.”
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