US President Donald Trump says that four separate groups are negotiating to buy Tiktok
As a 75-day delay in the ticket ban, US President Donald Trump says four groups have shown interest in buying the stage.
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US President Donald Trump has confirmed that his administration is interacting with four groups on the sale of Tiktok. Reuters. “We are working with four different groups, and many people want it … all four are good,” Trump said. The fate of Tiktok in the US is limited since implementing the law required by its original company, bidens to sell the platform on the basis of national security or to face the ban. The law came into force on January 19, but after assuming the post the next day, Trump signed an executive order delaying his enforcement for 75 days.
The delayed tiktok grants some breathing rooms as it examines ways to maintain its presence in the US. The order instructs the US Attorney General to prevent enforcement, allowing the administration to determine a course of action that protects national security while surviving the sudden bandh of the app used by millions of people. “I am directing the Attorney General not to take any action to implement the Act for a period of 75 days,” the order states.
The uncertainty around Tikokok has attracted several interested buyers, which includes Frank McCourt, the owner of the former Los Angeles Dojers, Roots Report. Reportedly, analysts estimate that Tikokkok may cost $ 50 billion.
Meanwhile, in February, Trump also signed an executive order, directing the construction of a sovereign money fund within a year, suggesting that he could be used to buy Tikok. The order was required to submit a plan within 90 days to the Treasury and Commerce Departments to detail possible funding sources, investment strategies and governance structures.
If implemented, the fund will mark a significant change in the US economic policy, bringing it to other nations that have state-controlled investment vehicles. Unlike many of these countries, however, the US works in a deficit, which means any sovereign money fund will require Congress’s approval. Trump has earlier suggested that the fund can be funded through “tariffs and other intelligent things”.
“We are going to make a lot of money for the fund,” said Trump. “And I think it’s about time that there was a sovereign wealth fund in this country.” He has previously swimmed the idea as a way to finance medical research along with large-scale infrastructure and manufacturing projects.
As the delay of 75-day is low, Tikok has to face an important period of interaction. Whether it is sales or policy shift, the next two months will determine whether the stage will continue to work in the US or not.