INSUBCONTINENT EXCLUSIVE:
President Donald Trump said in a Fox News interview broadcast on Sunday that he had found a purchaser, which he described as a group of
extremely rich people , for the TikTok short-video app
He said he will expose identities of the purchaser in about 2 weeks.Trump stated the offer he is developing would most likely require Chinas
approval to move on and he anticipated China would likely approve it.Earlier this month, despite a law that mandated a sale or shutdown, the
president extended the deadline for China-based ByteDance to divest the U.S
assets of TikTok, to September 17
An offer had actually been in the works this spring that would have spun off TikToks U.S
operations into a new U.S.-based firm, majority-owned and run by U.S
financiers, but it was postponed after China suggested it would not authorize it following Trumps statements of high tariffs on Chinese
We have a purchaser for TikTok, by the method, Trump stated
I think Ill require most likely Chinas approval
He added that China would most likely do it
law needed TikTok to stop operating by January 19 unless ByteDance had finished divesting the apps U.S
possessions or demonstrated substantial development toward a sale.Trump, who credits the app with boosting his assistance amongst young
voters in last Novembers presidential election, has extended the due date 3 times.
