A billionaire investor, Frank McCourt, is waiting for clarity on the sale of TikTok's US operations as deadlines loom. Concerns over national security due to ByteDance's ties to China have led to legislative action, but a formal deal remains unconfirmed despite previous claims by Trump and his administration.

President Trump is set to extend the deadline for ByteDance to divest TikTok's U.S. operations for the third time, allowing an additional 90 days to finalize a deal and ensure user data security. This extension comes as the company nears a June 19 deadline imposed by a national security law, which has led to various potential buyers expressing interest in acquiring TikTok's U.S. business.