Trump open to Elon Musk or Larry Ellison buying TikTok: Says U.S. key to $1 trillion valuation – Alphabet (NASDAQ: GOOG ), Apple (NASDAQ: GOOG ) Code: AAPL)

President Donald Trump expressed an open attitude Tesla Inc. Tesla CEO Musk or Oracle Corporation ORCL President Larry Ellison get Tik Tokmarking a major shift for the platform as it faces an uncertain future amid regulatory challenges.

what happened: Trump said at a press conference on Tuesday Byte bounce The “ultimate partner” can be found in any technical lead, along with PROpposes an unusual arrangement that would transfer half ownership of TikTok to the U.S. government in exchange for a license to operate.

“I will if [Musk] Yes, he wants to buy it,” Trump said. “I hope Larry buys it, too.

This comes after Trump issued an executive order on Monday suspending a ban on TikTok for 75 days, temporarily halting restrictions that took effect after the Supreme Court upheld national security legislation targeting the platform. The law requires ByteDance to divest TikTok’s U.S. operations in order to continue operating in the country.

Trump’s stance on TikTok has changed significantly since 2020, when he sought to ban the app through executive action. The switch was reportedly made in February with Jeff YasA prominent Republican donor and ByteDance investor who also owns shares in Trump truth society platform.

Market analysts value TikTok’s U.S. business at about $50 billion, although Trump has claimed that the business could be worth as much as $1 trillion if it receives the proper operating licenses.

See also: Nvidia and AI stocks rise as Trump announces $500 billion in Stargate AI infrastructure venture

why it’s important: This situation has attracted the interest of major technology companies. Yuan Platform Company Mehta Video creation app ‘Edits’ launched amid TikTok uncertainty, while amazon.com Founder Jeff Bezos‘ Puzzled The company reportedly made a $50 billion merger offer.

Chinese officials have shown potential flexibility on the sale. Ministry of Foreign Affairs Spokesperson Mao Ning It is pointed out that enterprises should decide business operations and acquisitions based on market principles.

The platform’s fate remains uncertain apple inc. AAPL and alphabet inc. Google Google Google Although service has been restored for existing users, TikTok continues to be banned from its app store, citing US legal requirements.

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Disclaimer: This content is generated in part with the help of artificial intelligence tools, and is reviewed and published by Benzinga editors.