Investing.com -- U.S. President Donald Trump confirmed on Wednesday that a potential deal to spin off the U.S. assets of TikTok is still a possibility. This announcement comes days after the deal was temporarily put on hold.

Trump mentioned that the deal involves "some very good people, some very rich companies" that he believes would manage the asset well. However, the final decision is still pending as it depends on future developments with China.

The President made this announcement during a meeting with reporters in the Oval Office, stating that the potential deal is "on the table, very much."

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