Elon Musk ruled out interest in buying Tiktok, Oracle goes to charge for the Chinese social network?

The tycoon Elon Muskowner of X and that in USA He is in charge of the Government Efficiency Department (Doge), said You are not interested in buy Tiktok at a time when the application is in the spotlight after the temporary veto he suffered in the country.

“I did not make any offer,” he said at the end of January at a conference held in Germany, but whose statements were leaked this Saturday.

Elon Musk, without interest in the acquisition of Tiktok

Tiktok continues to work in the United States, Thanks to an extension of 75 days that Donald Trump signed on January 21, one day after taking possession as president.

Its decree ordered the Attorney General and the Department of Justice not to apply sanctions or measures to comply with the regulations approved under the mandate of Joe Biden (2021-2025), but whose compliance the latter had left in the hands of the following administration.

That law forced the platform to separate from its Chinese parent company, Bytedance, and to find a buyer of a country that was not considered “an adversary” before January 19. Tiktok stayed inoperative just one day.

Musk stood out in the German meeting that he normally does not buy other companies, but creates them from zero. “The acquisition of Twitter, now called X, was very unusual. The reason I did is because it was important to preserve freedom of expression in the United States and to the extent that we are legally allowed in the rest of the world. I felt that acquiring Twitter was an important productive step for the future of humanity, “he said.

Although doing so was “quite painful and very difficult,” he said, he considered that he was “important.”

“I don’t know if the same logic applies to Tiktok. I don’t need things just for economic reasons. It is not clear what the purpose of acquiring Tiktok apart from the economic one is not clear.”said the CEO of Tesla and Spacex.

Musk added that he has not thought about what he would be interested in: “I suppose that I would look at the algorithm and try to decide how harmful or useful it is and what we can do to change it to make it more productive and, ultimately, beneficial for the humanity”.

Trump signed on February 3 an executive order in which he instructed the Treasury and Commerce departments to create a “Sovereign Fund” and said that said Fund could acquire Tiktok.

In his social network, Truth Social, he added in reference to that company that “he would like the United States to have a 50 % participation in a joint business”: “By doing this we save Tiktok, we keep it in good hands and allow it to continue growing “He concluded.

At the end of January, Trump said the technological giant Microsoft was in conversations to acquire Tiktok and that it is “good” that there is a war of offers and much interest in buying the Chinese application.

According to the specialized press, another of the companies that wants to buy the social network is Oracle.

Several prominent names emerged in recent weeks as possible Tiktok buyers. Jimmy Donaldsonknown as Mrbeasthe surprised to announce his intention to acquire the platform through a group of investors. According to statements obtained by NBC News, Donaldson has begun conversations with possible partners, although so far he has not completed any alliance.

Another interested party, as mentioned above, is Elon Muskwho already made significant acquisitions in the past, such as the purchase of the social network X by 44,000 million dollars In 2022. However, this option was ruled out after the comments of the South African tycoon.

In addition, Larry EllisonPresident of Oraclewas mentioned by Trump as a possible buyer. Oracle already provides data storage services to Tiktok in the United States, which would grant you a strategic advantage to assume total platform control.