SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Vance believes Tiktok will meet the deadline

In January, the Chinese parent company Bytedance got an additional 75 days to find an American co-owner for TikTok's operations in the USA. Vice President JD Vance says he has great confidence that the matter will be settled when the deadline expires on April 5.

» Published: March 16 2025

Vance believes Tiktok will meet the deadline
Photo: Mark Schiefelbein/AP/TT

It will almost certainly be a high-level agreement that I believe will satisfy our national security considerations, which will allow for a distinct American Tiktok company, says Vance in an interview with NBC News.

After a long series of twists, the US Supreme Court approved the proposal to ban Tiktok in the country in January due to security concerns surrounding the platform's ties to China.

No details about buyers

A deadline also expired for Bytedance to sell at least parts of the platform to US owners – and the app was shut down for approximately 170 million American users.

But on the same day, Donald Trump signed a presidential order giving Bytedance an additional 75 days – and the shut-down app was turned back on.

Trump also gave JD Vance and national security adviser Michael Waltz an order to help mediate the deal.

The Vice President now does not want to give any details about the negotiations or potential buyers.

Can be postponed

There are indeed bureaucratic hurdles that can cause the deal to be further postponed, he says – but the hope is that it will not be necessary.

We would like to get it done without an extension, says Vance.

He points out that a deal requires extensive documentation of how the co-ownership will handle, among other things, shareholders, investors, customers, and service providers.

The deal itself will be very clear, but actually creating those thousands and thousands of pages of legal documents – that's the only thing I'm worried about that could postpone the whole thing, says Vance.

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

This is how it went for the "party Swedes"

This is how it went for the "party Swedes"

The US stock market rose for the second day in a row

The US stock market rose for the second day in a row

Swedish drug candidate classified in the USA

Swedish drug candidate classified in the USA

Oil price rises after Trump's threats against Iran

Oil price rises after Trump's threats against Iran

Up to 7,500 jobs away from Audi

Up to 7,500 jobs away from Audi

USA's retail trade below expectations

USA's retail trade below expectations

Klarna's giant deal in the USA - "game changer"

Klarna's giant deal in the USA - "game changer"

OECD: Trump's Trade War Slows Down the Global Economy

OECD: Trump's Trade War Slows Down the Global Economy

The Stockholm Stock Exchange closed up

The Stockholm Stock Exchange closed up

These educations give you a job

These educations give you a job

Cheerful start on Asia's stock exchanges

Cheerful start on Asia's stock exchanges

Egg smuggling to the USA increases sharply

Egg smuggling to the USA increases sharply

This is how China will get the economy going

This is how China will get the economy going

China's Green Energy Boom - Like 320 Nuclear Reactors

China's Green Energy Boom - Like 320 Nuclear Reactors

They worked 28 days too much per year.

They worked 28 days too much per year.

New Chinese AI - "Better and Cheaper"

New Chinese AI - "Better and Cheaper"

Got a burn on the knee – gets $50 million from Starbucks

Got a burn on the knee – gets $50 million from Starbucks

Major Bank: Risk of Interest Rate Hike Before Summer

Major Bank: Risk of Interest Rate Hike Before Summer

Multiple Countries are Hesitant about F-35 – Want European Alternative

Multiple Countries are Hesitant about F-35 – Want European Alternative

Klarna warns ahead of listing: "No guarantees"

Klarna warns ahead of listing: "No guarantees"

Northvolt shock hits struggling housing market

Northvolt shock hits struggling housing market

Ica's CEO on the Left Party leader's boycott: "Very sad"

Ica's CEO on the Left Party leader's boycott: "Very sad"

The Food Boycott Spreads on Tiktok - "On Their Knees"

The Food Boycott Spreads on Tiktok - "On Their Knees"

Greece no longer junk status: "The final step"

Greece no longer junk status: "The final step"

Skellefteå's Demand: The Government Must Act

Skellefteå's Demand: The Government Must Act

Record outflow from US funds – opting for Swedish

Record outflow from US funds – opting for Swedish

Wall Street rises – after a pitch-black week

Wall Street rises – after a pitch-black week

Klarna registers for stock exchange listing in New York

Klarna registers for stock exchange listing in New York

Auditors secretive about Northvolt

Auditors secretive about Northvolt

Northvolt appealed to the government for support

Northvolt appealed to the government for support

Trade ahead of crisis meeting: No Swedish phenomenon

Trade ahead of crisis meeting: No Swedish phenomenon

Trump's Tariff Policy Scares US Consumers

Trump's Tariff Policy Scares US Consumers

Mediation can resolve dispute over major gold find

Mediation can resolve dispute over major gold find

Crisis Meeting on Food Prices Next Week

Crisis Meeting on Food Prices Next Week

EU and USA in Trade Talks

EU and USA in Trade Talks

Tesla warns about Trump's tariffs

Tesla warns about Trump's tariffs

The Gold Price Exceeds the Dream Limit

The Gold Price Exceeds the Dream Limit

New Chief Designer Sinks Gucci on the Stock Exchange

New Chief Designer Sinks Gucci on the Stock Exchange

USA asks Sweden and Denmark for help in the egg crisis

USA asks Sweden and Denmark for help in the egg crisis

Mercedes launches new electric car – challenging Tesla

Mercedes launches new electric car – challenging Tesla