Facing a looming deadline that would see TikTok banned in the United States, President Donald Trump announced that his administration was in the advanced stages of negotiating a deal to transfer ownership of the popular video-sharing app. He conveyed to reporters aboard Air Force One that they were “very close” to an agreement with a “very good group of people,” suggesting a consortium of investors was involved. While he refrained from disclosing specific names or financial details, the president emphasized the urgency of the situation, highlighting the need to finalize the sale before the weekend deadline to avert the imposed ban stemming from concerns over the app’s Chinese ownership and potential national security risks.
