After months of speculation and multiple bids from would-be American buyers, TikTok may finally be getting a new owner. President Donald Trump teased over the weekend that there is a buyer for TikTok,

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.