Trump says he supports Musk or Ellison buying TikTok, but ByteDance refuses to sell
On January 22nd, according to Bloomberg, US President Trump said that he would support billionaire Elon Musk or Oracle Chairman Larry Ellison in purchasing TikTok and forming a joint venture with the US government. He mentioned during a White House event that the buyer could give 50% of TikTok's shares to the US to obtain operational permission, while ensuring that the partner has strong support. Despite ByteDance's refusal to sell TikTok, Trump has signed an executive order to extend the deadline for the sale by 75 days, and the National Security Law ruling by the US Supreme Court may force ByteDance to reconsider its sale plan. Potential bidders for TikTok include a team led by technology entrepreneur Jesse Ting, former Los Angeles Dodgers owner Frank McCourt, and "Shark Tank" investor Kevin O'Leary. Meanwhile, the Chinese government expressed a cautious stance on the related transaction, stating that it hopes the US will provide a fair and non-discriminatory environment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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