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,

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.

President Donald Trump claims that he's secured a buyer for TikTok, which would keep the popular video sharing app available to U.S. users. Even so, there's still further work to do before any potential sale is finalised.