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Trump Says Four Bidders in Play for TikTok Deal
The Straits Times
|March 11, 2025
US President Donald Trump said on March 9 he was negotiating with four different possible buyers for TikTok's US business and that a deal for the social video app could come "soon."
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ABOARD AIR FORCE ONE -
"We're dealing with four different groups, and a lot of people want it," Mr Trump told reporters aboard Air Force One.
He didn't specify the contenders nor say which way he was leaning, instead saying "all four are good."
ByteDance's TikTok faces a deadline of April 5 to strike a deal for its US operations - or be banned from the country under a bipartisan law passed during the Biden administration.
The US is by far its most important market - ByteDance operates a sister service, Douyin, at home in China - and TikTok US was estimated to be worth as much as US$50 billion (S$66.6 billion) in 2024.
Last week, Mr Trump said he would be open to extending the deadline again if necessary, but thought a deal was possible in the next month.
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