Trump has previously floated the idea of a joint venture between ByteDance and US-based investors, potentially giving the US a 50% stake. He has also named allies like Larry Ellison and Elon Musk as potential buyers, though the latter appears increasingly unlikely to be involved.

We have a buyer for TikTok, by the way. Very wealthy people. It’s a group of wealthy people,” Trump said during an interview with Fox's Sunday Morning Futures, as reported by Bloomberg. He added that he would reveal the names of the buyers “in about two weeks.