Donald Trump stated that he would support Elon Musk if he decides to buy TikTok

Donald Trump stated that he would support Elon Musk if he decides to buy TikTok

The president of the United States, donald trump, He once again insisted on his proposal for a local investor to buy the TikTok platform, currently owned by ByteDance, so that it can operate without problems in US territory. Along these lines, he surprised by stating that he would support the tycoon Elon Musk if you decide to acquire the social network. And he gave the name of another possible buyer.

Hours after assuming power in Washington, the Republican signed the executive order to suspend for 75 days the ban imposed by Congress and the Supreme Court on the Chinese company to operate in the United States. Meanwhile, TikTok You will have to find a local buyer if you want to continue operating after that period.

The head of the US Executive presented his proposal for the company days ago. “I would like the United States to have a 50% ownership position in a joint venture,” he said on social media hours after posting “SAVE TIKTOK” on Truth Social.

Trump in favor of Elon Musk buying TikTok: he also slipped another name

This Tuesday, Trump went further by slipping that he would be in favor of the owner of SpaceX, “X” and Tesla, Elon Musk, be the one who buys the platform. “I would be if he wanted to buy it,” she said.

Then, asked about the future of the platform with 170 million users in the US, Trump also gave another name as a possible buyer: Larry Ellison, from Oracel. According to him, he would also like “him to buy it” and invited him to make a proposal to the company.

TikTok, owned by the Chinese company ByteDance, was down for more than 12 hours for its 170 million American users on Sunday, after a law came into effect prohibiting the app from continuing to operate amid national security concerns.

Trump’s intervention in favor of the social network on Sunday, anticipating that he would sign the executive order that he finally signed yesterday, was well received by the owners of TikTok. “We thank President Trump for providing the necessary clarity and assurance to our service providers that they will not face sanctions in providing TikTok to more than 170 million Americans and allowing more than 7 million small businesses to thrive,” he said.

In addition, they announced that they will address the issue with the president to prevent the company from having to abandon the US market. “We will work with President Trump on a long-term solution that keeps TikTok in the United States,” they announced.

Does Elon Musk buy TikTok?: Donald Trump’s secret plan

President-elect Donald Trump said he wants to “save” TikTok. A possible savior could be Elon Musk. Chinese government officials, according to reports from Bloomberg and The Wall Street Journal, discussed selling the social media app’s U.S. business to the owner of X, formerly known as Twitter.

TikTok’s parent company, ByteDance, is Chinese. Officials would prefer to keep TikTok under ByteDance ownership, according to media reports, but they discussed selling to Musk as part of their contingency plans if the Supreme Court upholds a US law that bans the platform on January 19 unless it is sold to an owner that is not controlled by a foreign adversary.

Antitrust experts predict that Musk could overcome the legal hurdles imposed by his acquisition of TikTok, which some estimate could amount to $40 billion-$50 billion. One of the reasons is that TikTok and X have different users.

Both Bloomberg and The Wall Street Journal reported that there are a number of unknowns surrounding any potential deal with Musk, including whether he would have to sell any of his other holdings, whether U.S. regulators would approve it and what kind of influence officials would have. of Beijing when it came to suggesting that ByteDance sell to a particular buyer. A TikTok spokesperson responded to Bloomberg’s report by saying that “we cannot be expected to comment on pure fiction.”

Source: Ambito

Leave a Reply

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

Latest Posts