News Summary

President Donald Trump has expressed openness to the idea of either Elon Musk or Larry Ellison purchasing the social media app TikTok. This proposition aims to save the app from a potential ban in the United States. During a press conference, Trump suggested that the U.S. government should receive a significant share of the transaction if the purchase occurs, asserting that TikTok’s value is contingent on U.S. approval. Trump also mentioned that TikTok’s purchase could be part of a joint venture, and emphasized that the U.S. would be a beneficial partner by facilitating permits. The conversations around this acquisition have included other interested parties such as YouTube’s Mr. Beast and Canadian businessman Kevin O’Leary. This development comes amid a broader initiative involving Ellison and other tech figures in a new venture led by SoftBank and OpenAI to invest in AI infrastructure in the U.S.