The bankers definitely want in despite this being a heavy lift because the fees on an estimated $20-plus billion deal could be pretty rich.
TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.
President Donald Trump told reporters Saturday, "Numerous people are talking to me, very substantial people, about buying" TikTok.
Reports have identified potential buyers for TikTok, including Steven Mnuchin, Frank McCourt, and Kevin O'Leary of Shark Tank fame. In a Fox News interview, O'Leary clarified that Trump is acting as an advisor on the matter, not a potential buyer.
In July 2020, then-President Donald Trump told reporters aboard Air Force ... where TikTok’s parent company, ByteDance, is based. His campaign released political ads on Facebook and ...
Last week, President Donald Trump paused TikTok's nationwide ban in the U.S., after the Supreme Court ordered it be shut down due to national security concerns over its ties to the Chinese government. This could potentially enable Beijing to access user data and influence American users.
Donald Trump is now being hailed as TikTok's savior after he tried to ban the app during his White House first term.
TikTok is considering alternative solutions to selling its US business, as owner ByteDance continues the fight to keep its 170 million American users after a reprieve from the Trump administration, a board member of ByteDance was quoted by Chinese magazine Caixin as saying.
Chinese startup DeepSeek has caused a massive stir in the AI world, with Donald Trump looking set for another TikTok-style headache amid concerns over DeepSeek's competitive edge and privacy policies. Newsweek has contacted the Trump-Vance transition team and DeepSeek, via email, for comment.
ByteDance’s valuation of TikTok at an impressive $200 billion presents a considerable challenge for potential buyers.
President Donald Trump on Wednesday batted down the national security concerns surrounding TikTok, saying, “Is it that important for China to be spying on young people? On young kids watching crazy videos?