Is a TikTok sale finally happening? Deal could be reached Oct. 30, Bessent says.

The sale of TikTok to a U.S. buyer could be finalized on Thursday, Oct. 30, Treasury Secretary Scott Bessent said.

During an Oct. 26 interview on CBS' "Face the Nation with Margaret Brennan," Bessent said President Donald Trump finalized a TikTok deal when he met with Chinese President Xi Jinping in September. The two leaders will meet in South Korea on Thursday, Oct. 30.

"I believe that as of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction on Thursday in Korea," Bessent said about the sale. He did not provide additional information about the sale, and the White House did not immediately respond for clarification when contacted by USA TODAY on Oct. 29.

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Trump signed an executive order on Sept. 25 that valued the U.S. assets of TikTok at $14 billion, days after the White House announced a preliminary deal had been struck to keep the short-form video platform available in the U.S.