Was TikTok Sold? Latest Updates on Ownership and US Law

TikTok's Current Ownership Status

• 📌 TikTok has not been sold and remains under the ownership of its Chinese parent company, ByteDance.

US Law and Divestment Mandate

• 📜 A US law passed in April 2024 mandated that TikTok must be sold or face a ban in the US by January 2025.
• ⏳ This deadline has been extended multiple times, with the most recent extension on June 17, 2025, granting ByteDance an additional 90 days.

Sale Attempts and Obstacles

• 🤝 Earlier this year, a potential deal involving US investors was reportedly in progress but ultimately did not materialize.
• 🇨🇳 Beijing blocked the sale, citing rising US-China trade tensions.
• 🚫 As of the latest update, no official buyer has successfully closed a deal.

Future Outlook

• ⚠️ TikTok continues to operate under its Chinese ownership despite the ongoing legal and political pressures.