Vice President JD Vance expressed confidence in securing a deal to sell TikTok and keep the app running in the U.S. by the April deadline. This comes after bipartisan legislation signed by President Joe Biden required TikTok’s Chinese-based owner, ByteDance, to sell the app to a non-Chinese buyer or face a nationwide ban. Vance, along with national security adviser Michael Waltz, is working to find a U.S.-based buyer. Trump signed an executive order pausing enforcement of the ban, giving TikTok until April 5 to find a buyer. Discussions have been ongoing, but ByteDance has not confirmed negotiations or its willingness to sell to a U.S. buyer.
Vance, a former venture capitalist, mentioned the challenges of finalizing a deal by the deadline due to the complex legal process involved. Potential buyers have included Wyoming entrepreneur Reid Rasner, offering $47.45 billion, and Reddit co-founder Alexis Ohanian joining businessman Frank McCourt’s bid. Vance emphasized the importance of protecting Americans’ data privacy and national security in the sale.
Overall, Vance believes that a deal to sell TikTok to a U.S. buyer will be in place by the deadline, ensuring the app’s continued operation while addressing national security concerns. He expressed hope that an extension would not be necessary and that the agreement would be clear and protective of Americans’ interests.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
