President Donald Trump has extended the deadline for TikTok’s Chinese owner to offload its US operations, granting an additional 75 days beyond the original April 5 2025 cut off.
The new deadline, June 19, allows more time for negotiations with potential buyers and regulatory approvals.
In a post shared on his Truth Social account, Trump said: “The deal requires more work to ensure all necessary approvals are signed. We hope to continue working in good faith with China, who I understand are not very happy about our reciprocal tariffs.”
The divestment push stems from the Foreign Adversary Controlled Applications Act, signed into law by President Biden in April 2024.
The legislation prohibits American entities from maintaining or distributing apps linked to foreign adversaries, unless US operations are separated from foreign control.
TikTok’s Chinese parent, ByteDance, has repeatedly denied any inappropriate ties to the Chinese Communist Party, but concerns over data privacy and national security have persisted.
Earlier this year, the app briefly went offline in the US during the weekend of January 18 to 19.
Trump has stated he does not want TikTok to ‘go dark’ again and has since allowed it to operate during a temporary review period, initially due to end in early April.
Multiple companies are reportedly exploring bids for TikTok’s US unit.
According to Reuters, Amazon has expressed interest and submitted a letter to Vice President J.D. Vance and Commerce Secretary Howard Lutnick outlining a potential offer.
While ByteDance, TikTok and Amazon have declined to comment publicly, a government official reportedly confirmed the approach.
Other potential suitors include Oracle, already hosting TikTok’s American data, an investment group led by the founder of OnlyFans, non-Chinese ByteDance stakeholders, and venture capital firm Andreessen Horowitz.
A recently signed executive order also opened the door for a US sovereign wealth fund to help finance any acquisition.
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