TikTok Sale Delayed Again as Potential Buyers Emerge

President Donald Trump has delayed the sale of TikTok yet again, announcing in an interview that he has identified a potential buyer for the ByteDance-owned platform. While the president has not disclosed the identities of the buyers, Bloomberg reports that the group includes investors from Oracle, Blackstone, and venture capital firm Andreessen Horowitz (a16z). These investors had previously made a bid, but the deal lost momentum amid growing tensions between the U.S. and China, fueled by Trump’s proposed tariffs.
Oracle has been actively involved in discussions with TikTok as part of its "Project Texas" initiative, which aims to ensure that U.S. user data is stored within the country. The sale of TikTok has been a contentious issue, with the Trump administration pushing for the deal to address national security concerns. The delay reflects ongoing challenges in navigating the complexities of the transaction, particularly amid heightened geopolitical tensions.
The outcome of the sale remains uncertain, but the involvement of major investors suggests a continued effort to resolve the issue while addressing U.S. government concerns.

Published: 7/1/2025