Home ยป Unfazed by Trump, Elon Musk or Larry Ellison Potential TikTok Acquisition in America

Unfazed by Trump, Elon Musk or Larry Ellison Potential TikTok Acquisition in America

President Donald Trump responded to questions from reporters during a press conference on the $500 billion infrastructure investment project for AI. When asked about Elon Musk’s potential purchase of TikTok, Trump stated that if Musk wants to buy it, he can go ahead, and he would like Larry Ellison, CEO of Oracle, to join in the purchase as well (Ellison was present at this press conference).

He further explained that the value of TikTok’s business would be significantly higher if it continues to operate in the United States. His proposal involved someone buying the business and then giving half of the shares to a U.S. company. This way, approval from ByteDance, TikTok’s parent company, to have a top-tier business partner would benefit all parties involved.

As of now, Trump has postponed the enforcement of the TikTok ban by 75 days. Even though ByteDance has indicated that they do not want to sell TikTok’s business in the U.S., China has stated that the decision-making authority lies with the company itself. Elon Musk has yet to comment on this news.

Source: CNBC

TL;DR – President Trump is open to Elon Musk purchasing TikTok, suggesting that a partnership with a U.S. company could be beneficial for all parties involved. He has postponed the TikTok ban enforcement by 75 days.

More Reading

Post navigation

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Monetary Consumption Strategy: Elon Musk Unveils Ambitious Blueprint to Acquire Minimal Financial Contributions from all Users

Entrepreneur Elon Musk Fires Back at Brand that Pulls Advertising from X/Twitter with a Verbal Middle Finger

EU Faces Attack by Donald Trump in Search for Financial Adjustment through Taxation of American Tech Companies