WASHINGTON – General Atlantic CEO Bill Ford said on Wednesday that a deal would get done to save TikTok in the U.S. after President Donald Trump signed an executive order that halted a ban on the app for 75 days.

ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ensure TikTok stays online in the US — and suggested there may be

US President Donald Trump has stated that he is open to the idea of Elon Musk or Larry Ellison buying up TikTok.

After years of rejecting the idea of a sale of TikTok’s US assets to an American buyer in order to avert a ban, China and ByteDance may have found an owner they could live with: Elon Musk.

At a press briefing on Tuesday, President Trump suggested that he’s open to the idea of Elon Musk or Larry Ellison buying TikTok.

US President Donald Trump on Tuesday said he would be supportive of the world's richest man and his close aide, Elon Musk, buying TikTok "if he wanted to". Trump was asked if he would be open to the billionaire founder of Tesla buying the short-video platform facing a nationwide ban in the US after the Supreme Court last week upheld a law requiring TikTok to sever ties with its Chinese parent ByteDance.

He previously floated a joint venture, saying that the US should be entitled to half of the app.

President Donald Trump has announced that he's open to billionaire ally Elon Musk buying TikTok. Newsweek's live blog is closed.

TikTok was only offline for 12 hours in the US before incoming president Donald Trump signalled that he would delay the nationwide ban of the Chinese-owned app.

Will TikTok find a way to remain legal in the U.S. under a new ownership structure? A range of possible new owners for TikTok in the U.S. — including MrBeast, Elon Musk and Oracle founder Larry Ellison — have emerged as a federal law banning TikTok in the country went into effect this Sunday,