Trump claims TikTok buyer group found, but China approval needed

Mr Trump has mused that TikTok in the US could be worth as much as $1tn (€852bn) and has repeatedly shown a willingness to broker a deal

ByteDance’s US future has hung in the balance for years, starting with the first Trump administration putting pressure on the Beijing company to sell the asset to an American entity.

US president Donald Trump said he has identified a buyer for the US operations of TikTok, the social media app owned by Chinese company ByteDance Ltd, without naming the winning bidder.

Completing a sale would be contingent on Beijing and Chinese president Xi Jinping’s agreement, Mr Trump added in a pre-taped interview on Fox News’s Sunday Morning Futures with Maria Bartiromo.