Who might buy TikTok in the US? San Francisco, Jan 29 (AFP) Jan 29, 2025 As the clock ticks down on TikTok's 75-day reprieve from divesting from its Chinese owners or being banned in the United States, several contenders are in the running. Here's a look at who could save the app before the April 5 deadline.
Musk has criticized the potential ban, arguing that "it is not just about TikTok, it is about censorship and government control!" His close relationship with the Trump administration and the US president's explicit openness to Musk as a buyer have fueled speculation the Tesla titan could sweep in and buy it. A report that Chinese officials were considering selling the company's US operations to Musk X was met with a firm denial from TikTok.
With Ellison's personal fortune of $207 billion -- ranking behind only Musk, Amazon's Jeff Bezos and Meta's Mark Zuckerberg, according to Forbes -- Oracle is frequently mentioned as a front-runner. Ellison is also a longtime Donald Trump ally. Currently, Oracle is key to keeping TikTok available to US users at the request of Trump.
Asked late Monday if Microsoft was in discussion for acquiring TikTok, Trump told reporters: "I would say yes." While the company founded by Bill Gates has historically dominated in productivity and enterprise software, it has struggled to establish a strong presence in social media and search-based advertising. According to CFRA Research senior vice president Angelo Zino, Microsoft's interest stems from a desire to strengthen its position beyond LinkedIn, which it owns, in the digital advertising space.
"Okay fine, I'll buy TikTok so it doesn't get banned," Donaldson said in a mid-January post on X. Donaldson's casual tweet reportedly attracted serious attention from numerous billionaires. The group has made an all-cash offer that they claim addresses US national security concerns while preserving the platform's essence.
This unique approach includes a crowdfunding element aimed at giving individuals and small businesses a stake in TikTok's future. McCourt emphasizes their "clean, American-made tech stack" as a key differentiator that could enable a seamless transition.
When asked about the effort recently on CNBC's Squawk Box program, Mnuchin said it was put on hold because ByteDance would not negotiate but that they were going to be following developments closely.
TikTok does not appear overly motivated regarding the sale of the app, and Chinese firm DeepSeek's AI chatbot has grabbed the tech community's attention -- potentially taking the spotlight off TikTok. |
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