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US administration in talks with multiple buyers for TikTok

Mar, 18, 2025 Hi-network.com

US Vice President JD Vance expects the broad terms of a deal to resolve TikTok's ownership dispute to be in place by the April 5 deadline, according to White House officials.

The platform's future has been uncertain since a law requiring its Chinese parent company, ByteDance, to sell the app or face a ban was enacted in January. President Donald Trump signed an executive order delaying the law's enforcement by 75 days, allowing time for negotiations.

The White House has assigned Vance and national security adviser Michael Waltz to oversee the potential sale. Trump confirmed that discussions were ongoing with four interested groups.

Vance, speaking to NBC News, expressed confidence that an agreement would be reached to create an independent US-owned TikTok while addressing national security concerns. Some details of the deal may still require further negotiation after the April deadline.

Neither TikTok nor ByteDance has commented on the ongoing discussions. The proposed sale comes amid broader concerns about data security and foreign ownership of social media platforms.

The Biden administration had previously attempted to push for divestment, but legal challenges delayed action. The latest developments suggest that Washington is moving closer to a resolution on the issue.

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