After pushing the TikTok sale date back yet again, President Donald Trump said in an interview on Sunday that he had found a potential buyer for the ByteDance-owned platform.
Though the president said he will not reveal the identities of the buyers for another couple of weeks, Bloomberg is reporting that the buyer is a group of investors from Oracle, Blackstone, and VC firm Andreessen Horowitz (a16z). According to the report, these investors had made a bid, but it lost momentum amid tensions between the U.S. and China due to Trump’s tariff proposals.
Oracle has long been engaged with TikTok as part of its Project Texas initiative to make sure that U.S. user data is stored in the States.
