### Trump Asserts Wealthy Group Ready to Acquire TikTok Amidst Regulatory Hurdles In a recent Fox News interview, U.S. President Donald Trump announced that he has identified a group of "very wealthy people" prepared to purchase TikTok, the popular short-video app currently owned by the Chinese company ByteDance. This announcement comes as the deadline for ByteDance to divest TikTok's U.S. operations has been extended multiple times, with the latest deadline set for September 17, 2025. Trump indicated that the deal would likely require approval from the Chinese government, expressing confidence that President Xi Jinping would support the transaction [https://www.cnbc.com/2025/06/30/trump-says-he-has-group-of-very-wealthy-people-ready-to-buy-tiktok.html][https://www.latestly.com/technology/tiktok-deal-to-be-announced-soon-in-us-donald-trump-says-he-has-found-a-group-of-very-wealthy-people-to-buy-bytedance-owned-app-identities-to-be-revealed-soon-6961814.html]. ### Breakdown of Trump's TikTok Acquisition Announcement 1. **Announcement of Buyers**: Trump claims to have found a group of affluent investors ready to acquire TikTok's U.S. operations, with identities to be revealed in approximately two weeks [https://www.thedailystar.net/tech-startup/news/trump-says-buyer-found-tiktok-3929006.html][https://www.forbes.com/sites/zacharyfolk/2025/06/29/trump-says-he-has-a-buyer-lined-up-for-tiktok]. 2. **Need for Chinese Approval**: The potential sale is contingent upon receiving approval from the Chinese government, which Trump believes will be granted by President Xi Jinping [https://www.hindu.com/sci-tech/technology/trump-says-very-wealthy-group-to-buy-tiktok/article69753933.ece][https://www.financialexpress.com/world-news/us-news/trump-has-found-a-group-of-very-wealthy-people-to-buy-tiktok-i-think-president-xi-will/3897126.html]. 3. **Future Announcements**: Trump has promised to disclose the identities of the investors and further details about the deal in about two weeks [https://abc7chicago.com/post/tiktok-buyer-reveal-2-weeks-donald-trump-president-said-interview-fox-news/16888113][https://www.indexbox.io/blog/trump-reveals-wealthy-investors-eyeing-tiktok-purchase]. ### Supporting Evidence and Context - **Regulatory Background**: The U.S. government has been scrutinizing TikTok due to national security concerns, leading to the ongoing discussions about its sale. Trump has extended the deadline for ByteDance to divest TikTok's U.S. operations three times, with the latest extension pushing the deadline to September 17, 2025 [https://www.latestly.com/technology/tiktok-deal-to-be-announced-soon-in-us-donald-trump-says-he-has-found-a-group-of-very-wealthy-people-to-buy-bytedance-owned-app-identities-to-be-revealed-soon-6961814.html][https://www.sinardaily.my/article/728398/focus/world/trump-says-wealthy-group-plans-tiktok-purchase-needs-china-approval]. - **Market Implications**: The announcement has significant implications for TikTok's future in the U.S. market, as a successful acquisition could alleviate regulatory pressures and allow the app to continue operating without the threat of a ban [https://www.investing.com/news/stock-market-news/trump-says-he-has-group-of-very-wealthy-people-ready-to-buy-tiktok-4116100][https://www.channelnewsasia.com/world/donald-trump-tiktok-buyer-wealthy-people-xi-jinping-china-5210186]. ### Conclusion: A Potential Shift in TikTok's Ownership Landscape In summary, **Trump's announcement of a group of wealthy investors ready to buy TikTok marks a significant development in the ongoing saga of the app's future in the U.S.** The need for Chinese approval adds a layer of complexity to the deal, but Trump's confidence in securing this approval suggests a potential easing of tensions between the U.S. and China regarding technology and trade. 1. **Announcement of Buyers**: Trump claims to have found a group of wealthy investors. 2. **Chinese Approval Required**: The deal hinges on approval from the Chinese government. 3. **Future Details**: Identities of the investors will be revealed in two weeks. This situation remains fluid, and the coming weeks will be crucial in determining the outcome of this potential acquisition [https://www.nypost.com/2025/06/29/business/trump-says-he-has-group-of-very-wealthy-people-to-buy-tiktok-predicts-china-will-approve-deal][https://www.techcrunch.com/2025/06/29/trump-says-hes-found-a-buyer-for-tiktok].