The fate of the TikTok app has been uncertain since a law requiring its Chinese parent company, ByteDance, to sell the app or face a ban took effect on January 19th for national security reasons.
US Vice President JD Vance expects the deal to transfer ownership of the TikTok social media platform in the US to be finalized before April 5th.
After taking office on January 20, US President Donald Trump signed an executive order to delay the implementation of this law for 75 days.
The Republican president appointed Vance and National Security Advisor Michael Waltz last month to oversee the potential sale of the social media app. Last weekend, Trump said the administration was in discussions with four different groups interested in a deal to acquire TikTok's U.S. assets.
"There will almost certainly be a high-level agreement that I think will address our national security concerns, allowing for a separate US TikTok business to exist," Vance said in an interview on Air Force Two with NBC News, which first reported on expectations that the terms of the deal would be reached soon.
A White House official said more time may be needed to finalize the minor details of the agreement beyond the April 5 deadline.
Yesterday (March 14), US Commerce Secretary Howard Lutnick told Fox Business that President Donald Trump would try to resolve the TikTok issue within the set timeframe (75 days), but provided no further details.
The TikTok app was temporarily shut down in the United States a few hours before the ban took effect on January 19th. The platform was also removed from retailers such as the Apple Store and Google Play before being restored.
The prospect of acquiring ownership of one of the world's most popular video-sharing platforms, or at least its US audience of around 170 million users, has attracted a growing list of individuals and organizations from the worlds of finance, technology, and entertainment.
Other bidders included a group of investors led by tech entrepreneur Jesse Tinsley, including YouTube personality MrBeast, whose real name is Jimmy Donaldson, and Wyoming entrepreneur Reid Rasner.
Additionally, other potential buyers for TikTok's assets include former Los Angeles Dodgers owner Frank McCourt, who has expressed interest in the rapidly growing business, which analysts estimate could be worth up to $50 billion. McCourt announced that Alexis Ohanian, co-founder of Reddit and a venture capitalist, has joined the effort to acquire TikTok's US operations as a strategic advisor specializing in social media.
According to billionaire McCourt, his partner Ohanian will help advance the Liberty Project bid to acquire TikTok's US assets, which he calls a "People's Effort," as it plans to run the app on technology that allows users to control how their data is used and shared.
Source: https://www.baogiaothong.vn/thoa-thuan-chuyen-quyen-so-huu-tiktok-tai-my-du-kien-hoan-tat-truoc-ngay-5-4-192250315154142821.htm
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