President Trump says he's giving TikTok another 75 days to find a US buyer

Walmart considering buying societal media platform

WASHINGTON -- President Donald Trump connected Friday said helium is signing an enforcement bid to support TikTok moving successful the U.S. for different 75 days to springiness his medication much clip to broker a woody to bring the societal media level nether American ownership.

Congress had mandated that the level beryllium divested from China by Jan. 19 oregon barred successful the U.S. connected nationalist information grounds, but Trump moved unilaterally to widen the deadline to this weekend, arsenic helium sought to negociate an statement to support it running. Trump has precocious entertained an array of offers from U.S. businesses seeking to bargain a stock of the fashionable societal media site, but China's ByteDance, which owns TikTok and its closely-held algorithm, has insisted the level is not for sale.

"My Administration has been moving precise hard connected a Deal to SAVE TIKTOK, and we person made tremendous progress," Trump posted connected his societal media platform. "The Deal requires much enactment to guarantee each indispensable approvals are signed, which is wherefore I americium signing an Executive Order to support TikTok up and moving for an further 75 days."

Trump added: "We look guardant to moving with TikTok and China to adjacent the Deal."

TikTok, which has office successful Singapore and Los Angeles, has said it prioritizes idiosyncratic safety, and China's Foreign Ministry has said China's authorities has ne'er and volition not inquire companies to "collect oregon supply data, accusation oregon intelligence" held successful overseas countries.

Potential buyers of the app see Amazon. The institution sent a missive to the Trump medication to articulation the bidding warfare for TikTok, sources told ABC News.

The mobile tech institution AppLovin and a radical including tech elephantine Oracle person besides made bids to bargain the app.

Walmart is besides actively considering joining a radical of investors to bargain TikTok, according to sources adjacent to the deal, who accidental Walmart's involvement was triggered by Amazon throwing their chapeau into the ring.

Back successful 2020, Walmart said it was teaming up with Microsoft to marque a bid for TikTok. The app would springiness the retail elephantine entree to hundreds of millions of consumers who could go their customers and audiences for their advertisements, successful a boost to their e-commerce business.

The video successful the subordinate supra is from an earlier report.