After months of speculation and multiple bids from would-be American buyers, TikTok may finally be getting a new owner. President Donald Trump teased over the weekend that there is a buyer for TikTok,

Reuters shares a snippet of a video taken during Trump's recent interview on the Fox News program "Sunday Morning Futures with Maria Bartiromo". "We have a buyer for TikTok, by the way," Trump says in the video, adding "I think I'll need probably China's approval. I think President Xi will probably do it."

It’s been about five months since a law requiring TikTok to be banned in the United States unless it was sold off by its China-based parent company, ByteDance, technically went into effect.