A US billionaire investor is in limbo amidst repeated delays for the sale of TikTok's US operations, with the December 13 deadline looming. US President Donald Trump is expected to extend the deadline for the fifth time, leaving potential buyers awaiting a decision on the popular short-form video app.

• Frank McCourt, a billionaire investor, confirmed his group has raised the capital to purchase TikTok's US operations.
• The US government has delayed the sale deadline multiple times, citing national security concerns regarding ByteDance's (TikTok's Chinese owner) links to the Chinese government.
• In early 2025, the Supreme Court upheld a 2024 law requiring TikTok to be sold or banned in the US.
• McCourt, part of an investor group including Reddit co-founder Alexis Ohanian, expressed interest in operating TikTok without its Chinese technology.