Former President Trump mentioned that a deal for TikTok's sale is close to completion, with wealthy investors ready to partner with ByteDance. However, he noted that the approval from China is essential. Recent reports indicated that negotiations had stalled amid concerns about a potential ban extension. The White House's discussions have slowed, hindered by various foreign policy challenges, complicating the process for U.S. bidders eager to finalize an agreement while needing Chinese government cooperation.
According to Trump, a deal is nearly finalized with wealthy investors ready to partner with ByteDance for TikTok, pending approval from China.
Negotiations for TikTok's sale have slowed with potential bidders waiting for the Chinese government's sign-off, while the U.S. administration is preoccupied.
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