President Donald Trump said he has identified a buyer for the US operations of TikTok social media app owned by Chinese company ByteDance Ltd., but he won’t provide details for two weeks.
Trump earlier said he would extend for the third time a deadline for Bytedance to sell the US portions of TikTok, which would give the company 90 days beyond June 19.
Congress passed a law last year requiring the divestiture, citing national security concerns. Under the law, the president was allowed to invoke one extension.
Movement on a deal has largely stalled with US-China trade relations swept up in larger tensions over tariff negotiations.
The White House didn’t respond to a request for more details on Trump’s latest remarks.
