Trump finalizing TikTok sale proposal as total ban looms in just FOUR days

President Trump is putting his wheeler-dealer skills to the test, as he seeks to line up potential buyers with a deadline he set for the sale approaches. 

In an extraordinary flex of executive authority, Trump is finalizing plans for investor groups that include Blackrock and Oracle, Bloomberg News reported, bringing them in for a planned White House meeting on Wednesday.

Such a group could save the company from a legal deadline to shutdown barring a sale – after Trump extended the statutory date.

Also expected at the meeting are Vice President JD Vance, Commerce Secretary Howard Lutnick – who has been a key figure in tariffs Trump is preparing to impose – DNI Tulsi Gabbard and national security advisor Mike Waltz.

The list of investors also includes major private equity and venture capital firms and big investors.

Trump hosted Oracle CEO Larry Ellison at the White House just days after he took office while talking up AI investments.

The president signed an executive order pausing the TikTok ban on his first day in office, putting a 75 day stop to a directive passed by Congress and signed by former President Joe Biden.

President Donald Trump is hosting a meeting with top staff and investors who could potentially buy Tiktok and allow it to avoid a legal ban in the U.S.

Lawmakers had pushed through the ban by citing national security concerns due to its Chinese origins.  

Trump said in the Oval Office Monday he had the ability to extend the deadline again, as he seeks to finalize an ownership group. 

I can extend if I want, Trump said. But we have a lot of enthusiasm for Tiktok, for buying it. I think Tiktok is good. I used it – I was a great Tiktok guy, Trump said.

Trump also hyped the deal on Saturday. We have a lot of potential buyers. Theres tremendous interest in Tiktok. Id like to see Tiktok remain alive, he said.

The company is owned by Chinese parent company ByteDance. 

Aides to Vance reached out to potential buyers, according to the AP. Vance said days ago there will almost certainly be a high-level agreement that I think satisfies our national security concerns, allows there to be a distinct American TikTok enterprise.

Perplexity AI has presented one proposal. Other identified bidders include billionaire Frank McCourt and Jesse Tinsley, the founder of Employer.com, who said a consortium that includes the CEO of Roblox is offering more than $30 billion.