TikTok US ownership transfer deal expected to be completed by April 5

According to White House officials, US Vice President JD Vance expects the general terms of the agreement to transfer ownership of the social networking platform TikTok in the US to be completed by April 5.

TikTok's fate has been in limbo since a law requiring its Chinese parent company, ByteDance, to sell the app or face a ban took effect on January 19 on national security grounds.

US Vice President JD Vance expects the deal to transfer ownership of the TikTok social networking platform in the US to be completed before April 5.

US President Donald Trump, after taking office on January 20, signed an executive order to delay the implementation of this law for 75 days.

The Republican president last month appointed Mr. Vance and National Security Adviser Michael Waltz to oversee a potential sale of the social media app. Last week, Mr. Trump said the administration was in discussions with four different groups interested in a deal to buy TikTok’s U.S. assets.

“There will almost certainly be a high-level agreement that I think will satisfy our national security concerns, allowing for a separate American TikTok business,” Mr. Vance said in an interview on Air Force Two with NBC News, which first reported the expectation that terms of a deal would be reached soon.

A White House official said more time may be needed to finalize finer details of the deal after the April 5 deadline.

Yesterday (March 14), US Commerce Secretary Howard Lutnick told Fox Business that President Donald Trump would try to resolve TikTok within the set timeframe (75 days), but did not provide any further details.

The TikTok app was temporarily shut down in the United States hours before the ban took effect on January 19. The platform was also removed from stores on providers such as the Apple Store and Google Play before being restored.

The prospect of gaining ownership of one of the world's most popular video-sharing platforms, or at least its US audience — some 170 million users — has attracted a growing list of people and organizations from the worlds of finance, technology, and entertainment.

Other bidders included a group of investors led by tech entrepreneur Jesse Tinsley, including YouTube personality MrBeast, whose real name is Jimmy Donaldson, and Wyoming businessman Reid Rasner.

Former Los Angeles Dodgers owner Frank McCourt has also expressed interest in the fast-growing business, which analysts estimate could be worth as much as $50 billion. McCourt announced that Reddit co-founder and venture capitalist Alexis Ohanian has joined the effort to buy TikTok’s U.S. operations as a strategic advisor specializing in social media.

McCourt said Ohanian will help spearhead the Liberty Project bid to buy TikTok's U.S. assets, which he called a "People's Effort," as it plans to run the app on technology that gives users control over how their data is used and shared.

Source: https://www.baogiaothong.vn/thoa-thuan-chuyen-quyen-so-huu-tiktok-tai-my-du-kien-hoan-tat-truoc-ngay-5-4-192250315154142821.htm