24/7 Space News
INTERNET SPACE
Who might buy TikTok in the US?
Who might buy TikTok in the US?
By Glenn CHAPMAN
San Francisco (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.

- Elon Musk -

While Musk hasn't publicly expressed interest in acquiring TikTok, his $44 billion acquisition of Twitter (now X) in 2022 demonstrates his appetite for social media investments.

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.

- Larry Ellison -

Oracle, led by Larry Ellison, already plays a crucial role in TikTok's US operations as its trusted data storage provider -- a relationship that dates back to previous negotiations during the first Trump administration.

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.

- Microsoft -

US tech colossus Microsoft stands out as a compelling potential buyer, armed with deep pockets and significant technological capabilities in artificial intelligence and cloud computing.

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.

- MrBeast -

Internet personality MrBeast, whose real name is Jimmy Donaldson, commands over 340 million YouTube subscribers and 113 million TikTok followers. He has joined forces with Recruiter.com Ventures founder Jesse Tinsley to pursue an acquisition.

"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.

- Project Liberty -

Real estate and sports tycoon Frank McCourt's Project Liberty initiative has launched "The People's Bid for TikTok," in a campaign joined by investor Kevin O'Leary, known from the "Shark Tank" television show in which entrepreneurs pitch ideas in bids for venture capital.

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.

- Perplexity AI -

The AI-powered search engine has proposed a unique merger structure that would allow ByteDance's investors to retain much of their equity while integrating more TikTok video content into Perplexity's platform, according to a CNBC report.

- Steven Mnuchin -

Steven Mnuchin, who served as US Treasury Secretary during Trump's first term as president, announced last year that he was amassing investors to bid for TikTok.

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.

- No deal? -

"The real question though is will TikTok sell to any of them," independent tech analyst Rob Enderle said of the situation.

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.

Related Links
Satellite-based Internet technologies

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
INTERNET SPACE
Netflix reports surge in subscribers, new price hikes
San Francisco (AFP) Jan 22, 2025
Netflix on Tuesday said it added nearly 19 million subscribers during the holiday season to finish out last year with more than 300 million subscribers. Company executives credited steady investments in shows and films with helping power growth at the streaming behemoth, while announcing it is increasing prices in Argentina, Canada, Portugal and the United States. "As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little ... read more

INTERNET SPACE
SpaceX mission to return US astronauts to happen 'soon': Trump

NASA Opens New Challenge to Inspire Climate Solutions

India becomes 4th nation to complete unmanned docking in space

India achieves 'historic' space docking mission

INTERNET SPACE
China's Hainan Commercial Launch Center expands with two new launch pads

New Shepard's 29th mission to simulate Lunar Gravity

SpaceX launches 21 Starlink satellites from Cape Caneveral

NASA's Artemis II rocket booster stacking process reaches new milestone

INTERNET SPACE
Now That's Ingenuity: First Aircraft Measurement of Winds on Another Planet

NASA Sets Sights on Mars Terrain with Revolutionary Tire Tech

Mysterious Martian mounds formed by ancient water

New marsquake data sheds light on the Martian crust mystery

INTERNET SPACE
Shenzhou XIX crew completes second spacewalk mission

Shenzhou XIX crew completes second spacewalk

China unveils logos for three space missions in 2025

H3 Shenzhou-19 astronauts advance experiments aboard Tiangong space station

INTERNET SPACE
Stoke Space secures $260M in Series C Funding

The Tyranny of the VC Equation Why Your Company Might Not Be "VC-able"

The Space Economy to Reach $944 Billion by 2033

ispace-EUROPE secures historic authorization for Lunar resource mission

INTERNET SPACE
Materials Can Remember Sequences of Events in Unexpected Ways

EdgeCortix SAKURA-I AI Accelerator Validated for Radiation Resilience in Space Missions

DeepSeek, Chinese AI startup roiling US tech giants

Rubbish roads: Nepal explores paving with plastic

INTERNET SPACE
Extreme supersonic winds detected on distant exoplanet

Double the disks double the discovery new insights into planet formation in DF Tau

Bioactive compounds with industrial applications discovered in Andes bacteria

Astrophysicists reveal structure of exocomet belts around 74 nearby stars

INTERNET SPACE
SwRI models suggest Pluto and Charon formed similarly to Earth and Moon

Citizen scientists help decipher Jupiter's cloud composition

Capture theory unveils how Pluto and Charon formed as a binary system

Texas A and M researchers illuminate the mysteries of icy ocean worlds

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.