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.
He previously floated a joint venture, saying that the US should be entitled to half of the app.
"I have met with owners of TikTok, the big owners," Trump stated. "What I'm thinking about saying to somebody is, buy it and give half to the United States of America," Trump said. "And we'll give you the permit.
President Donald Trump on Tuesday expressed openness to the possibility of Tesla CEO Elon Musk or Oracle Chairman Larry Ellison purchasing TikTok during a press briefing. Trump suggested TikTok could be valued at $1 trillion with a U.
The short video app used by 170 million Americans was taken offline temporarily for users shortly before a law that said it must be sold by its Chinese owner ByteDance on national security grounds, or be banned,
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
Billionaire Frank McCourt, Shark Tank investor Kevin O'Leary, tech entrepreneur Jesse Tinsley and MrBeast have all expressed interest in TikTok
Trump suggests tech moguls Elon Musk and Larry Ellison as potential buyers to secure TikTok’s U.S. operations.
Donald Trump has hit out at the Bishop of Washington, Mariann Budde, who conducted a Tuesday morning prayer service at the Washington National Cathedral he attended, calling her “a Radical Left hard line Trump hater” and saying she had been “ungracious” by calling upon him to show “mercy” towards LGBT+ children and migrants.
Jimmy Donaldson — better known online as MrBeast — isn’t in the TikTok bidding race just yet, according to a representative for the YouTube star. Donaldson stirred interest in a Jan. 13 post on X saying he’d “buy TikTok so it doesn’t get banned.
On his first full day in office Tuesday President Donald Trump continued sweeping actions, including ordering the shuttering of all executive branch diversity, equity, and inclusion offices and ordered all employees working in such offices to be placed on leave.