President Trump is set to review a final proposal for TikTok on Wednesday, according to sources familiar with the discussions, as reported by CBS News.
The administration is finalizing arrangements with potential investors, which may include Blackstone and Oracle, alongside other leading investors from private equity, venture capital, and the technology sector.
An Oval Office meeting will take place with key officials involved in the deal, such as Vice President JD Vance, Commerce Secretary Howard Lutnick, national security adviser Mike Waltz, and Director of National Intelligence Tulsi Gabbard. It remains uncertain whether Mr. Trump will endorse the proposed strategy.
Mr. Trump has set a deadline of Saturday, April 5, for TikTok’s Chinese parent company, ByteDance, to divest its share in the app or risk facing a ban in the U.S. market. Lawmakers passed a bill last year mandating a Jan. 19 deadline for the sale, but Mr. Trump subsequently signed an executive order extending the timeline by 90 days to facilitate a potential agreement.
While speaking to reporters aboard Air Force One over the weekend, Mr. Trump commented on TikTok, saying, “We have a lot of potential buyers. There’s a lot of interest in TikTok. The decision is going to be mine.” He added, “I’d like to see TikTok remain operational.” He echoed these sentiments again in the Oval Office on Monday, remarking on the “enthusiasm surrounding TikTok.”
