Trump Considers Final Proposal on TikTok

US President Donald Trump is considering a final proposal for the Chinese short-video app TikTok on Wednesday, according to sources familiar with the matter who spoke to CBS News.

The administration is finalizing plans for potential investors to acquire stakes in the app to ensure its continued presence in the United States. These investors could include Blackstone and Oracle, as well as a long list of other investors, likely including leading private equity firms, venture capital firms, and major tech investors.

According to CNBC, a meeting is scheduled to be held in the Oval Office with key administration officials to discuss the deal, including Vice President J.D. Vance, Secretary of Commerce Howard Lutnick, National Security Advisor Mike Waltz, and Director of National Intelligence Tulsi Gabbard. It remains unclear whether Trump will approve the strategy. Trump set a deadline of Saturday, April 5, for TikTok’s Chinese parent company, ByteDance, to sell its stake in the app or face a ban on the U.S. market. Lawmakers last year passed a bill setting a January 19 deadline for the sale, but Trump signed an executive order granting a 75-day extension for a potential deal. Speaking to reporters aboard Air Force One over the weekend, Trump said of TikTok, “We have a lot of potential buyers. There’s a lot of interest in TikTok. The decision will be mine.” He added, “I’d like to see TikTok still exist.” Trump reiterated his comments in the Oval Office on Monday, saying there was “a lot of enthusiasm for TikTok.”