Trump’s TikTok Buyer Is the Same Group Behind a Previous Stalled Bid

The prospective buyer of TikTok’s American operations cited by President Donald Trump is the same investor consortium including Oracle Corp., Blackstone Inc. and venture capital firm Andreessen Horowitz, whose bid for the app had stalled amid US-China trade tensions, according to a person familiar with the matter.

Trump said in an interview aired on Sunday that he had identified a contender to purchase the popular social media app from its Chinese parent ByteDance Ltd. but stopped short of naming the winning bidder. He also said that completion of any sale would be contingent on the Chinese government, including President Xi Jinping, dropping its longstanding opposition.