“We’re very close to a deal with a very good group of people,“ Trump told reporters aboard Air Force One, adding that it involved “multiple” investors but giving no further details.
Motivated by national security fears and widespread belief in Washington that TikTok is ultimately controlled by the Chinese government, the law took effect on January 19, one day before Trump's inauguration.
Trump has downplayed risks that TikTok is in danger of being banned in the United States, saying he remains confident of finding a buyer for the app's US business.
Asked Thursday if he was willing to make deals with countries on tariffs, he said: “As long as they are giving us something that is good. For instance with TikTok.”
According to reports, the most likely solution would see existing US investors in ByteDance roll over their stakes into a new independent global TikTok company.
Much of TikTok's US activity is already housed on Oracle servers, and the company's chairman, Larry Ellison, is a longtime Trump ally.
Amazon has also reportedly made a last-minute bid to buy TikTok.
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