It’s been about five months since a law requiring TikTok to be banned in the United States unless it was sold off by its China-based parent company, ByteDance, technically went into effect.

President Donald Trump said a group of "very wealthy people" wants to buy the Chinese-owned TikTok social media app that is facing a ban in the United States.

President Donald Trump has said he has a buyer for TikTok, the video-sharing app that was banned in the US amid claims it posed a national security risk. In a Fox News interview, Trump said he had a group of "very wealthy people" willing to acquire the platform. "I'll tell you in about two weeks," he teased.