Tiktok has four suitors in the US and the idyll could be consummated soon, according to Trump

On April 5, the 75 -day grace period concludes that President Donald Trump granted to Tiktok in the United States last January. And if the Bytedance subsidiary does not find a buyer to control the social network (at at least 50%) beyond the seas, Tiktok could melt black on American soil on US.

However, it seems that negotiations aimed at the sale of the American business of Tiktok are going well in carrilladas and that an agreement could be forged, therefore, very soon. This was confirmed yesterday by Trump, who said there were at least four “players” interested in throwing the glove to Tiktok in the United States and that an agreement between both parties could be announced “soon.”

“We are negotiating with four different groups and many people want to take control of Tiktok,” said the president of the United States on Sunday. The current White House tenant did not specify, however, the names of the “players” that they would have brought by Tiktok or Nor did he want to lean for any of the applicants, because in his opinion, “the four are good.”

If before April 5, Tiktok does not reach an agreement to detach himself from at least 50% of his business in the United States, the Chinese native social network would disappear from application stores in the North American countryby virtue of what is prescribed by Federal Law approved in April last year by the United States Congress.

The United States is indisputably the most important market for Tiktok (in China the social network operates under the denomination of Douyin). AND The American subsidiary of Bytedonce would have a value of around 50,000 million dollars.

A few days ago Trump declared himself favorable to extending the grace period previously granted to Tiktok on the other side of the puddle if necessarybut stressed that an agreement was perfectly possible before April 5.

Any agreement aimed at the sale of Tiktok business in the United States must have the approval of the Chinese government

On January 19, federal law aimed at the prohibition of Tiktok in the United States entered into force in the United Statesand after a blackout of just 12 hours, the social network resumed its operations on American soil after Trump signed the next day an executive order to take the application of the normal in 75 days.

Trump has always been favorable to an agreement for the sale of the American business of Tiktokas long as, yes, a company based in the United States holds at least 50% of the social network property.

Bytedonce, whose headquarters are in Beijing (China), has never realized its interest (publicly at least) to get rid of your business in the United Statesalthough Shou Chew, CEO of the social network, held an encounter with Donald Trump last December at his residence in Mar-a-Lago and later attended the president’s possession in January. The Tiktok matrix has always worked in Aquiear the concerns directly related to the national security of the United States authorities to continue operating normally in the North American country.

Bytedance currently, which has the support of important investors such as SoftBank, has an estimated value of more than 400,000 million dollarsmuch more than a year ago, a symptom that the company is still very solid in the financial level despite the uncertainty that the business in around its business in the United States can.

As Bytedance account, it is a company based in China, any agreement aimed at the sale of Tiktok in the United States would need the express consent of the Beijing Executivethat has not been so far too receptive to an eventual transaction. A few months ago the rumor emerged that the Chinese government was contemplating to sell the American Tiktok business to Elon Musk, which has always had very good relations with the authorities of the Asian country.

So far they have made public their interest in the purchase of Tiktok in the United States A group led by billionaire Frank McCourt and the co -founder of Reddit Alexis Ohanian, Another group headed this time by technological entrepreneur Jesse Tensley and the famous YouTuber Mrbeast and the American startup specialized in AI Perplexity AI. Trump has also signed up for Microsoft and Larry Ellison, founder of Oracle, as possible candidates to get the Tiktok business in the United States.