Today’s TikTok news in America comes from President Donald Trump, who revealed that he has been in talks with several parties regarding the acquisition of TikTok. The response has been positive, and a conclusion is expected within 30 days.
Previously, reports indicated that the top contender to purchase TikTok is Oracle. Information suggests that Trump’s team has engaged in discussions, although Trump himself clarified that he has not spoken with Oracle’s founder, Larry Ellison, about this matter. Conversations have taken place with various parties, but Oracle is not involved.
Several American investment groups have shown interest in acquiring TikTok, including those who have invested in ByteDance, TikTok’s parent company, such as General Atlantic, KKR, Sequoia Capital, and billionaire Frank McCourt. One of the investors involved is Jimmy Donaldson, also known as Mr. Beast on YouTube.
Source: Reuters
TLDR: President Trump is in talks with potential buyers for TikTok in the US, with a decision expected within 30 days. Oracle is a rumored contender, but no official discussions have taken place. Various American investment groups, including those already invested in ByteDance, are showing interest in acquiring the popular app.
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