Earlier this week, it appeared that TikTok’s fate in the US might be resolved by April 5th, prompting interest from various parties, including Amazon and the founder of OnlyFans, who were eager to acquire the platform.
However, it seems that none of these bids would materialize. Due to President Donald Trump’s ongoing tariff war, the prospect of a buyout for TikTok has become increasingly uncertain.
Sources indicate that the White House was primarily considering a consortium led by Oracle, which included several key investors of ByteDance, aimed at creating a new US entity. This proposal intended to license TikTok’s algorithm from China, allowing for a perceived independence from ByteDance.
The announcement of this proposal was anticipated before President Trump escalated tariffs on Wednesday, which significantly reduced the likelihood of approval from the Chinese government for such a deal.
On Friday, shortly after Trump announced a 75-day extension to finalize a TikTok ban, ByteDance faced new challenges in its negotiations.
