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President Trump confirmed talks with potential buyers for TikTok, valued at $50B, due to security concerns.
US President Donald Trump confirmed talks with four groups over the potential sale of TikTok, the Chinese-owned social media app.
The discussions come after a law took effect on January 19, requiring TikTok's owner, ByteDance, to sell the platform or face a ban due to national security concerns.
Trump signed an executive order delaying the law's enforcement by 75 days.
TikTok's estimated value is $50 billion, attracting potential buyers including former Los Angeles Dodgers owner Frank McCourt.
5 weeks ago
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