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Trump: We Have A Buyer For TikTok

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Trump: We Have A Buyer For TikTok

The US president said the social network would be bought by a group of "very wealthy people".

The United States has found a buyer for the U.S. division of Chinese social networking site TikTok, and it will be revealed who it is in the next two weeks, President Donald Trump told Fox News.

"We have a buyer for TikTok, by the way. I think I would probably need China's approval, and I think President Xi [Jinping] would probably give it," he said.

This is a group of "very wealthy people," he added.

Washington has insisted that China's ByteDance sell its U.S. unit to U.S. owners because authorities consider the country's collection of TikTok user data a national security threat. The company has promised it will not hand them over to the Chinese government even if Beijing demands it.

On January 17, the U.S. Supreme Court ruled that the country's ban on the video app was legal, leading to its blocking. But Trump "saved" TikTok by granting a reprieve for the deal. On June 18, he once again extended the deadline for the sale. The trade war between the US and China posed a threat to the deal.

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