A group of “very wealthy people” is set to buy short-form video app TikTok, according to President Donald Trump.
“We have a buyer for TikTok, by the way,” Trump said in a Fox News interview on Sunday morning. “I think I’ll need probably China’s approval. I think President Xi [Jinping] will probably do it.”
Trump declined to share more details about the buyers, saying only that he would reveal their identities in two weeks (apparently his favorite unit of time).
Trump has repeatedly delayed a bill forcing owner ByteDance to sell the app or see it banned in the United States. In January, he said his “initial thought” was to create “a joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership.”
He’s also said he was open to allies Larry Ellison or Elon Musk buying the app, although Musk seems like a less likely candidate now.