President Donald Trump has said that a deal with TikTok’s parent company ByteDance to sell the app will be finalized before the April 5 deadline, Reuters reports.
“We have a lot of potential buyers,” Trump told reporters. “There’s tremendous interest in TikTok. He added, “I’d like to see TikTok remain alive.”
Trump extended the deadline for the TikTok ban to April 5 back in January after signing an executive order on his first day in office.
Reuters reported on Friday that private equity firm Blackstone is mulling a small stake in TikTok’s U.S. operations. The firm is considering joining ByteDance’s current non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in providing fresh capital to bid for TikTok’s U.S. operations. The group has emerged as front-runners in TikTok deal talks.
Trump has previously stated that he is open to extending the deadline again if a deal isn’t reached.
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