After months of speculation and multiple bids from would-be American buyers, TikTok may finally be getting a new owner.

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."

President Donald Trump said a group of "very wealthy people" wants to buy the Chinese-owned TikTok social media app that is facing a ban in the United States.