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Explainer: what is happening with the TikTok sale? [Yahoo! Finance]
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While a deal was reportedly close to being approved last week, US President Donald Trump's 'reciprocal' tariffs delayed the sale, which also has to be approved by China. "We had a deal pretty much for TikTok – not a deal but pretty close – and then China changed the deal because of tariffs," Trump said to reporters as he exited Air Force One last night (6 April). "If I gave a little cut in tariffs they would have approved that deal in 15 minutes, which shows the power of tariffs." ByteDance issued a statement on Friday saying the company "has been in discussions with the US government regarding a potential solution for TikTok US. An agreement has not been executed. There are key matters to be resolved. Any agreement will be subject to approval under Chinese law." There is an eccentric list of interested buyers in TikTok. These include Canadian businessman and Shark Tank judge Kevin O'Leary, Reddit co-founder Alexis Ohanian, billionaire Frank McCourt, and controversial YouTuber '
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