Trump open to Elon Musk buying TikTok
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.
Here’s another bright idea from President Donald Trump. He just expressed openness to the idea of either Tesla CEO Elon Musk or Oracle Chairman Larry Ellison purchasing TikTok, a move that could have significant implications for the app’s future in the United States.
Donald Trump signed an executive order delaying the US ban on ByteDance's TikTok for 75 days, starting January 19.
"I'd like Larry to buy it, too."TikTok is in a state of limbo in the U.S. after Trump signed an executive order to keep TikTok operating in the country for 75 days. President Trump said that TikTok, owned by China's ByteDance would be "worthless" without a permit to operate in the U.
Trump says he’s open to Elon Musk buying TikTok ‘if he wants to’ - Chinese officials want acquisitions to be decided by companies ‘in accordance with market principles’
He previously floated a joint venture, saying that the US should be entitled to half of the app.
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.
In order to avoid a potential ban in the United States, Chinese officials are considering a contingency plan that would involve selling TikTok's US operations to Elon Musk, said a Bloomberg report. The report further said that the first preference of the Chinese officials will be to keep the short-form video hosting platform under the control of parent company ByteDance,
YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison are names that have floated around in the past week.
President Donald Trump signed a slew of executive orders on his first day in office, Monday. One of them is keeping TikTok up and running despite a federal ban that took effect on Jan. 19.