Trump confirms four bidders are in talks for TikTok, deal may be close

The big picture: President Donald Trump has stated that his administration is in discussions with four potential buyers for TikTok's US operations. His confirmation comes amid ongoing speculation about the app's future, as the 75-day deadline set by his executive order approaches. Speaking to reporters aboard Air Force One on Sunday, President Trump stated that his team is in contact with "four different groups" regarding a potential sale and that "a lot of people" are interested in the deal. He also expressed his approval of the prospective buyers, saying, "All four [bidders] are good." When asked whether a deal might happen soon, Trump responded, "It could." It remains unclear which four groups Trump was referring to, but recent media reports have mentioned several potential buyers, including Reddit co-founder Alexis Ohanian and former Los Angeles Dodgers owner Frank McCourt. According to a Reuters report last week, McCourt submitted his bid to acquire TikTok's US operations in Jan ... Read full article.