President Trump told reporters on Air Force One on Sunday that his administration had been “pretty close” to a deal to save TikTok, “and then China changed the deal because of tariffs.”
The e-commerce giant put in a last-minute offer for the popular video app, according to three people familiar with the talks. TikTok faces a Saturday deadline to change its ownership structure.
The private equity giant is considering investing as the video app works to follow a law that requires it to separate from its Chinese owner, ByteDance, by next week.
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