Trump says he’s open to Elon Musk buying TikTok

President Donald Trump said Tuesday he is open to Elon Musk buying TikTok, and floated a proposal that the United States jointly own half the company.

“I would be, if he wanted to buy it, yes,” Trump told reporters at a White House event announcing a new AI infrastructure private sector partnership with tech leaders, including OpenAI CEO Sam Altman and SoftBank CEO Masayoshi Son.

Musk, CEO of Tesla and SpaceX, emerged as a potential buyer days before the application was set to shut down. Trump on Monday issued an executive order that halts enforcement of a ban on the mega popular video app for 75 days.

The app briefly shut down for a little more than 12 hours on Saturday evening after the Supreme Court upheld a law that requires TikTok’s parent company, ByteDance, to sell American TikTok assets so it can keep operating in the United States.

The president said he’s also open to another tech giant to acquire TikTok: Larry Ellison, co-founder of Oracle. Ellison was present at the White House for a $500 billion AI infrastructure partnership between the Trump administration and OpenAI, Softbank and Oracle. Oracle, a software company, houses most of TikTok’s servers

“I have the right to make a deal,” Trump said to Ellison. “Let’s negotiate in front of the media.”

After meeting with TikTok’s owners, Trump said he suggested to them that a company should buy it and give half to the United States’ government. Trump on Monday suggested 50% ownership of the app, which has 170 million Americans users.

“They’ll have something that’s actually more valuable because they have the ultimate partner, and the United States will make it very worthwhile for them in terms of the permits and everything else,” Trump said.

This article was originally published by a www.usatoday.com . Read the Original article here. .

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