Trump Reveals U.S. Group Set to Buy TikTok – Final Decision Awaiting China’s Approval
Date: June 30, 2025
Author: Smart News Desk
Category: U.S. Tech & Politics News
JUST IN: Trump Says Wealthy U.S. Group Will Buy TikTok – Final Call Rests With China
WASHINGTON, D.C. – U.S. President Donald Trump has announced that a “very wealthy group of people” from the United States is set to acquire TikTok, the widely used social media platform currently owned by China's ByteDance.
“It’s happening soon. A very wealthy group will be buying TikTok, but China has to approve the deal,” Trump stated Monday during a public appearance.
He added that the United States government will disclose the names of the buyers within two weeks, sparking widespread speculation and renewed debate about national security, data privacy, and Chinese influence over digital platforms.
📲 Social Media Reaction
The announcement quickly went viral on X (formerly Twitter), with hashtags like #TrumpTikTokDeal, #TikTokBan, and #ByteDance trending across the platform.
@disclosetv on X posted:
“JUST IN — Trump says a very wealthy group is buying TikTok, pending Chinese approval. Buyer names to be revealed in two weeks.”
View Post on X
Meanwhile, users on Facebook and Reddit expressed mixed reactions, with many questioning whether the deal would actually go through given Beijing’s prior resistance to forced sales of Chinese-owned technology.
🌐 International Reaction & China's Approval
Beijing has previously pushed back against U.S. demands for TikTok's divestiture, labeling them as "economic coercion." According to Reuters, Chinese officials may require ByteDance to get government clearance before proceeding with any sale involving U.S. entities.
“This sale is not just a business transaction. It’s a geopolitical chess move,” said tech analyst Sarah Franklin in an interview with CNN.
📈 What This Means for TikTok Users and the Tech Market
- TikTok may soon come under American ownership.
- Chinese government approval is still required.
- Buyer identity will be announced within two weeks.
- Political and tech sectors are watching closely.
🧠 Expert Insight
“If the sale succeeds, it could set a precedent for how future U.S.-China tech conflicts are resolved. The key question is whether U.S. ownership can mitigate national security concerns.” – Alex Walters, Cybersecurity Expert
❓ Frequently Asked Questions (FAQ)
- Q1: Who is buying TikTok according to Donald Trump?
- A: A “very wealthy group of people” from the United States. Their identities will be revealed within two weeks.
- Q2: Is the TikTok deal confirmed?
- A: No. It is still pending approval from the Chinese government.
- Q3: Why does China need to approve the sale of TikTok?
- A: ByteDance, TikTok's parent company, is Chinese. Under Chinese export law, certain tech sales require state approval.
- Q4: Will TikTok be banned in the U.S. if the sale doesn’t happen?
- A: Possibly. U.S. lawmakers have threatened to ban TikTok over national security concerns if no U.S. sale occurs.
- Q5: When will the buyer of TikTok be announced?
- A: Trump says the U.S. government will reveal buyer details within two weeks.
- Q6: How many users does TikTok have in the United States?
- A: Over 170 million active users.
- Q7: Has China blocked TikTok sales before?
- A: Yes, in 2020 China did not approve the Trump-era deal involving Oracle and Walmart.
- Q8: Will TikTok's user data be safer if U.S.-owned?
- A: U.S. ownership would bring TikTok under U.S. data laws, which could reduce concerns over foreign data access.