Trump Backs Potential TikTok Acquisition by Elon Musk or Larry Ellison After Extending Ban

Trump Backs Potential TikTok Acquisition by Elon Musk or Larry Ellison After Extending Ban

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.S. operating permit but would be worthless without one. Analysts have valued TikTok’s U.S. business at approximately $50 billion. Trump's comments come after he signed an executive order giving ByteDance 75 days to sell TikTok to avoid penalties under a national security law.


User: Benzinga

Views: 69

Uploaded: 2025-01-22

Duration: 00:38

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