Donald Trump Says He Is Open To Elon Musk Buying TikTok
President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp. Chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government.
Donald Trump Says He Is Open To Elon Musk Buying TikTok
On Tuesday, U.S. President Donald Trump indicated his openness to having either Elon Musk or Larry Ellison acquire TikTok, the Chinese social media platform.
The president said he’s also open to another tech giant to acquire TikTok: Larry Ellison, co-founder of Oracle. Ellison was present at the White House for a $500 billion AI infrastructure partnership between the Trump administration and OpenAI, Softbank, and Oracle. Oracle, a software company, houses most of TikTok's servers.
“I have the right to make a deal," Trump conveyed to Ellison. "Let's negotiate in front of the media."
After discussions with TikTok's owners, Trump suggested that a company should take over the app and allocate half of its ownership to the U.S. government. He proposed a 50% stake in TikTok, which boasts 170 million American users.
Concluding his comments, Trump mentioned that he might consider downloading TikTok onto his phone.
“I think I might put it there. I think I’ll get it right now. By the way, again we won the young vote. I think I won it through TikTok, so I have a warm spot in my heart for TikTok,” he remarked.
