As TikTok faces a potential ban, these companies are vying for a chance to acquire it.

The deadline for TikTok to sell its assets or face a ban from U.S. devices has been extended again. Originally set for April 5th, 2025, concerns over the app’s ownership have prompted the Trump administration to extend the deadline by another 75 days, pushing it to June 19, 2025. This decision was announced on Trump’s social media platform, Truth Social.

A representative from ByteDance, TikTok’s parent company, has indicated that no agreement has been finalized and that several important issues still need to be resolved. As tension builds around the deadline, Trump has stated that a deal involving Oracle, Blackstone, and venture capital firm Andreessen Horowitz could be close. These investors have shown interest in creating a new entity dubbed “TikTok America,” which would involve the U.S. investors owning 50 percent of TikTok while ByteDance would retain a stake.

This arrangement would allow the new company to license TikTok’s algorithm instead of acquiring it outright. While there are rumors of various companies vying for a stake in TikTok, including AppLovin and Amazon, the primary concern remains whether ByteDance is willing to sell. Although Trump has suggested leveraging the TikTok situation in broader trade negotiations with China, recent retaliatory tariffs from China may complicate this strategy.

For TikTok users anxious about potentially losing access to the app, the situation appears fluid. Based on Trump’s inconsistent stance towards TikTok and his fluctuating popularity, it seems more plausible that further extensions or delays will be announced rather than an immediate ban. As the deadline approaches, all eyes will be on developments over the next few days.