TikTok’s American future is back in the spotlight as former President Trump claims a buyer group is ready to take over—pending China’s approval. The deal could preserve the app for U.S. users, but key details remain unresolved.
Key Facts:
- Trump revealed a TikTok buyer group in a June 30 interview but did not name them.
- The group reportedly includes Oracle, Blackstone, and Andreessen Horowitz—same as a previously stalled bid.
- Any sale requires approval from the Chinese government and President Xi Jinping.
- The structure would reduce ByteDance’s U.S. stake to below 20%, with Oracle providing data security oversight.
- A law signed by President Biden demands ByteDance divest TikTok’s U.S. business by September or face a ban.
The Rest of The Story:
Trump told Fox News that a “group of very wealthy people” is lined up to buy TikTok’s American operations, pending China’s consent.
While he didn’t name them, Bloomberg reported a source confirmed the group involves Oracle, Blackstone, and Andreessen Horowitz—the same coalition whose earlier deal fell through after China refused to approve it.
That previous agreement would have reduced Chinese ownership, giving 50% to new U.S. investors and about 30% to existing U.S.-based ByteDance investors.
Oracle’s role would include data security, a key sticking point for U.S. regulators.
The White House stated that talks with China continue “at the highest level.”
Meanwhile, China’s Foreign Ministry declined to provide any new position, reiterating only its “principled stance.”
Trump’s latest deadline for a deal extends into mid-September.
“It’s like TIK TOK. I’m extending that. You know, WE have a BUYER for Tik Tok by the way. I think I’ll need probably china’s approval and I think President Xi would probably do it. I’ll tell you in about two weeks. Very very wealthy people it’s a group of very wealthy people.”… pic.twitter.com/e4zHhuVLs7
— Down Goes Deep State (@CYaDeepState) June 29, 2025
Commentary:
So much for Trump’s claim that he’d publicly name TikTok’s new owner within two weeks.
Instead, Bloomberg beat him to the punch, citing an anonymous source who confirmed that the buyer is the same old Oracle-Blackstone-Andreesen group from months ago.
If the report is accurate, it shows this sale never truly died—it was just buried under tariffs and political noise.
China’s hold-up wasn’t about the group’s financial ability, but about leverage.
With the U.S. now easing tariffs and reviving trade in jet engines and chip tech, Beijing might be warming up to a deal.
For TikTok creators and users, this could be welcome news. American influencers who’ve built entire businesses on the app would be spared a shutdown—at least for now.
That said, ByteDance has shown no urgency to sell. The app is worth anywhere from $20 to $150 billion, depending on what technology and rights are included.
For them, holding out may mean a better valuation or more favorable terms.
What’s clear is that Trump is trying to claim the win early. Whether that’s posturing or part of a pressure tactic is hard to tell.
But it’s a savvy move—putting public eyes on China’s next decision.
Still, there are major questions: Will China allow such a divestment?
Will U.S. regulators accept Oracle’s oversight as enough? Will ByteDance really let go of an American gold mine?
This is far from a done deal.
Multiple extensions have been granted, and every new deadline has pushed the can further down the road.
If a resolution does come, it may owe more to trade talks than tech concerns.
The Bottom Line:
Trump says a TikTok deal is in the works, but the buyer group is the same one that was stalled months ago.
China still hasn’t signed off, and ByteDance has little incentive to sell quickly.
With deadlines looming again, the future of TikTok in America remains tangled in politics, trade, and global tech rivalry.
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