According to BlockBeats, U.S. President Donald Trump is expected to sign an executive order extending the deadline for TikTok's ban or sale. This decision comes as discussions continue regarding the future of TikTok's U.S. operations.
Previously, BlockBeats reported that on April 3, sources revealed to the Financial Times that a group of new external investors, including a16z, Blackstone Group, Silver Lake Capital, and other major private equity firms, are set to acquire approximately half of TikTok's U.S. business. The U.S. operations will be separated from its Beijing-based parent company, ByteDance, as part of the transaction terms.