Trump Backs TikTok Sale Under New US Legislation

President Donald Trump announced that a group of 'very wealthy people' is prepared to buy TikTok's U.S. operations, though he did not disclose their identities. This comes after Trump granted a third extension for ByteDance, TikTok's Chinese parent, to sell its U.S. assets amid national security concerns. The sale is mandated by legislation signed by President Biden and upheld by the Supreme Court, requiring TikTok's divestiture to a non-Chinese entity or its removal from U.S. app stores. Trump said the deal will likely require approval from Chinese authorities, including President Xi Jinping, and expressed optimism that it would be granted. The move marks a shift from Trump's earlier push to ban TikTok to now supporting a sale, as the app remains popular with young voters. The outcome remains uncertain as both U.S. and Chinese approvals are still pending.