Trump to discuss TikTok’s fate in meeting about potential investors including Oracle and Blackstone

President Donald Trump will hold a meeting on Wednesday with assistants on potential investors who can buy a stake in Tiktok, a deal that can prevent the social networking site from banning it in the United States.

The details of the meeting were confirmed by a person familiar with the situation that occurred, provided that his identity was not disclosed to discuss internal deliberations.

There was an uncertainty about the famous video application after he entered a law on January 19, which required their father in China, by attedance, stripping his ownership due to national security concerns. After taking office, Trump gave Tiktok a 75 -day delay by signing an executive order until April 5, the law enforcement that requires a sale or an effective ban.

Among the potential investors are the Oracle software and the Blackstone Investment Company.

The meeting of the Oval Office with Trump will attend on Wednesday, Vice President JD Vance, Trade Minister Howard Lootnick, White House National Security Adviser Mike Waltz, and National Intelligence Director Toulcy Gabbard.

CBS News for the first time mentioned the meeting.

Speaking to reporters on Sunday while he was in the Air Force once, Trump said he “would like to see Tiktok alive.” He previously indicated that he may consider reducing definitions against China if the country agrees to sell.

During his first term, Trump tried to ban Tijk on national security land, which was stopped by the courts before his administration negotiated the sale of the platform that eventually failed to achieve. It changed its position on the famous application during the presidential elections for the past year, and has strengthened the platform by helping it winning more young voters.

He said on Sunday: “I won the young vote with 36 points. The Republicans in general do not work well with the young vote.” “I think many of them could have been tiktok.”

Trump said the deadline for the Tiktok deal can be extended if necessary. He previously suggested the conditions in which the United States will obtain a 50 % stake in a joint venture. The administration has not provided details about what this type of deal required.

Tiktok and Bytedance publicly did not comment on the conversations. It is also not clear whether Bytedance has changed his position in selling Tiktok, which he said early last year was not planning to do it.

What will happen on April 5?

If Tiktok is not sold to a certified buyer by April 5, the original law prohibits it will arise in effect again. However, the deadline of the executive has not appeared to have been appointed to the stone and the president has repeated that it can be extended more if necessary.

Trump’s order came a few days after the Supreme Court supported unanimously a federal law that requires disposal or banning it in January. The next day of the judgment, Tiktok became dark for us users and returned online after Trump pledged to stop the ban.

The decision to keep Tiktok is alive through the executive order some scrutiny, but it has not faced a legal challenge in court.

Who wants to buy Tiktok?

Although it is unclear whether to plan the Bytedance to sell Tiktok, many potential offers have advanced in the past few months.

The assistants of the Vice President JD Vance, who was used to oversee a possible deal, with some parties, such as starting artificial intelligence, continued to obtain additional details about their offers, according to a person familiar with the matter. In January, AI Perplexity AI Bytedance was presented with the proposal of the integration that would combine confusion with the American Tiktok operation.

Among the other potential showcases is a consortium organized by billionaire businessman Frank McCort, who recently employed the co -founder of Reddit Alexis Ohanian as a strategic consultant. Consortium investors say they offered $ 20 billion in cash for the American Tiktok platform. And if they succeed, they are planning to redesign the famous app using Blockchain technology that they say will provide users more control over their online data.

Jesse Tinsley, founder of Payroll Firms.com, says he has also organized a consortium, which includes the CEO of the Roblox video game platform, and by BYTEDANCE offers more than $ 30 billion to Tiktok.

Trump said in January that Microsoft was also looking for the famous application. Other interested parties include the former Treasury Minister of Trump Steve Mnuchin and Rumble, the common video site with some governors and extreme right -wing groups. In a post in X last March, Rumble said he was ready to join a consortium from the parties interested in buying Tiktok and working as a company technical partner.

This story was originally shown on Fortune.com

2025-04-02 09:40:00