Trump is open to Elon Musk or Larry Ellison buying TikTok

president Donald Trump On Tuesday, he reiterated his view that the United States should own half of TikTok and said he would support X owner Elon Musk or Oracle founder Larry Ellison buying the China-linked social media app.

During his first day in office on Monday, Trump issued an executive order Give TikTok more time To act and work to comply with a law that forces the platform’s owner, Beijing-based ByteDance, to either cede the app to a US buyer or close the platform in the United States.

Trump was asked during a press conference in which he announced… A massive AI infrastructure project, Stargatewhich includes Oracle, OpenAI and Softbank, asked whether he would be open to Musk, his close ally, buying TikTok.

“I would if he wanted to buy it, yes,” the president replied, adding, “I’d like Larry to buy it, too,” pointing to Ellison, who was present.

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Trump said he met with the current owners of TikTok, and told the press: “I have the right to make a deal. So, the deal I’m considering…” Then he turned to Ellison and said, “Larry, let’s negotiate,” in front of the media.

The president said the deal he’s considering would involve someone buying TikTok “and giving half to the United States of America, and we’ll give you the pass, and they’ll have a great partner.”

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After explaining the deal, Trump turned to Ellison and said, “It sounds reasonable. What do you think?”

“Sounds like a good deal to me, Mr. President,” Ellison replied. Trump then returned to the press and said of Ellison: “He can afford it, too.”

TikTok closed its operations in the United States on Saturday, a day before the deadline for closure according to the law. However, platform Restoration of US operations on Sunday after Trump made assurances that he would sign an executive order extending the deadline for a deal that protects US national security.

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“By doing this, we save TikTok, keep it in good hands and allow it (to survive). Without the approval of the United States, there is no TikTok. With our approval, it is worth hundreds of billions of dollars – perhaps trillions,” Trump added. he wrote in a social media post on Sunday. “So, my initial idea is a joint venture between the current owners and/or new owners where the US gets 50% ownership in a joint venture created between the US and any purchase we choose.”

FOX Business’ Danielle Wallace contributed to this report.