'Investors in Limbo'. Will the TikTok Deal's Deadline Be Extended Again? (bbc.com)
- Reference: 0180385575
- News link: https://tech.slashdot.org/story/25/12/14/2257237/investors-in-limbo-will-the-tiktok-deals-deadline-be-extended-again
- Source link: https://www.bbc.com/news/articles/cp34442z25ko
> A billionaire investor keen on buying TikTok's US operations has told the BBC he has been left in limbo as the latest deadline for the app's sale looms.
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> The US has repeatedly delayed the date by which the platform's Chinese owner, Bytedance, must sell or be blocked for American users. US President Donald Trump appears poised to extend the deadline for a fifth time on Tuesday. "We're just standing by and waiting to see what happens," investor Frank McCourt told BBC News...
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> The president...said "sophisticated" US investors [2]would acquire the app , including two of his allies: Oracle chairman Larry Ellison and Dell Technologies' Michael Dell. Members of the Trump administration had indicated the deal would be formalised in a meeting between Trump and Xi in October — however it concluded without an agreement being reached. Neither TikTok's Chinese owner ByteDance nor Beijing have since announced approval of a sale, despite Trump's claims. This time there are no such claims a deal is imminent, leading most analysts to conclude another extension is inevitable.
Other investors besides McCourt include Reddit co-founder Alexis Ohanian and Shark Tank entrepreneur Kevin O'Leary.
[1] https://www.bbc.com/news/articles/cp34442z25ko
[2] https://www.cnbc.com/2025/09/25/trump-approves-tiktok-deal-through-executive-order.html
Funny that ... (Score:4, Funny)
I was thinking about Tacos for dinner.
Re: (Score:2)
Chicken tacos?
Re: (Score:2)
Chori pollo. This local place puts some slow cooked onions down before the meat and it's amazing.
Re: (Score:2)
I expect the announcement of the extension will happen on Tuesday.
Why would they sell? (Score:2)
Trump has zero leverage. The Chinese already know Trump is bluffing and will never ban TikTok.
Re: (Score:1)
That is why they want a right winger to buy it. They are anti-America
Who knew the US is not the only market in the worl (Score:2)
> TikTok's Chinese owner ByteDance nor Beijing have since announced approval of a sale, despite Trump's claims. This time there are no such claims a deal is imminent...
And there never was any such evidence. This entire charade can be explained as "Trump makes bombastic claims he can force a foreign business to sell, gets lesson in reality, shows he's too chicken to follow through on his threats." He can't lose a major tent pole of his circus.
Of Course It Will (Score:3)
It will be extended this time, and it will be extended next time, until Trump is out of office or he finally succeeds in getting his friends to own it.
Re: Of Course It Will (Score:1)
I feel a trump/oracle electric car/space company in the future xx