In March, the president said the White House was “dealing with four different groups” and a lot of people want it” but did not specify the names of the bidders.
Earlier this month, the president said he would “probably” extend the deadline again if it became necessary to complete a deal. He has also suggested that the US government could buy a stake in the app through a sovereign wealth fund as part of a joint venture, though the details remain murky.
Trump has reportedly tapped Vice President JD Vance to lead the sale negotiations.
A group led by billionaire Frank McCourt, “Shark Tank” star Kevin O’Leary and Reddit co-founder Alexis Ohanian has publicly campaigned to buy TikTok and rebuild its recommendation algorithm from scratch on US soil.