US President Donald Trump said today, Sunday, that he found a group of “highly rich” wanting to purchase the “Tech Tok” application, adding that he would announce their identity within about two weeks.
Trump added that the deal he is working on may need China’s approval to move forward, suggesting the approval of Chinese President Xi Jinping on it.
This month, the US President extended the deadline of the Chinese company by Bate Dance to sell the American Tek Talk assets to September 17, despite the existence of a law that is required to sell or close it if the company does not agree to this, according to Reuters.
A possible deal this spring was disrupted that would convert the American Tek Tok operations into a new company based in the United States, owned by a majority of its shares and managed by American investors, after China has made it clear that it will not agree to it after Trump’s announcements imposing exorbitant customs duties on Chinese goods.
“By the way, we have a Tik -tuk buyer, I think I may need China’s approval, and I think President Shi will likely agree,” Trump said.
A US law issued in 2024 stipulated the necessity of Tek Tok to stop working by January 19, 2025, unless it completed by Bite Dance to sell the assets of the application in the United States or make tangible progress towards sale.
Trump has extended the deadline three times so far, and it is attributed to the application thanks to strengthening his popularity among young voters during the presidential elections last November.
Demobilization
On May 21, 2025, Tech Talk asked its employees in the e -commerce department in America to work from the house, waiting for emails related to “difficult decisions”, indicating that the social media company is preparing to reduce jobs.
“The Chinese company is studying ways” to create a more efficient operating model. “
Possible demobilization operations come after driving changes that included Tulia Mo, a former executive official in the electronic commerce arm of the company, by Pight Dance.
Tek Talk includes more than a thousand people near Seattle, with additional offices in New York, Texas and California.
“We appreciate the patience and understanding of everyone while we deal with these difficult discussions,” he said.
Amazon and “Oracle” attention despite the rapid growth of the “Tek Tok” store, the future of the video application in the United States is in doubt, due to the continued threat of the ban if it failed to sell the American part of its business.
Tek Talk, which includes 170 million active users per month, is facing uncertainty in light of the customs duties imposed by President Donald Trump on Chinese exports and the abolition of a tax vulnerability for small valuable parcels.
The video application, through which the shopping allowed millions of American users in 2023, is betting on e -commerce to achieve better income than its popularity.
The sales of the “Tik Talk” store exceeded its competitors, such as “Shi In” and “Timo”, in the United States, in the United States, prior to the destructive Trump measures.
The rise of “Tik Talk” has been highlighted since the approval of a joint law between the two parties, under the pretext of national security concerns, to ban this social phenomenon in the United States unless it was sold by the Chinese parent company – an attempt that started during the first Trump administration, but was frustrated in court.
Trump is now giving “byte Dance” an additional time to reach a deal to sell “Tik Talk” – a process that took months and attracted the attention of companies such as “Amazon” and “Oracle”.
