WASHINGTON – General Atlantic CEO Bill Ford said on Wednesday that a deal would get done to save TikTok in the U.S. after President Donald Trump signed an executive order that halted a ban on the app for 75 days.
Billionaire Larry Ellison’s backing of Stargate could help grease the wheels for the embattled merger between Paramount Global and Skydance Media, sources told The Post.
US tech titans Elon Musk, Mark Zuckerberg and Jeff Bezos are taking a prominent place in the new Trump era, but another player from another era -- Oracle boss Larry Ellison -- is making a surprise return.
He previously floated a joint venture, saying that the US should be entitled to half of the app.
"I have met with owners of TikTok, the big owners," Trump stated. "What I'm thinking about saying to somebody is, buy it and give half to the United States of America," Trump said. "And we'll give you the permit.
The short video app used by 170 million Americans was taken offline temporarily for users shortly before a law that said it must be sold by its Chinese owner ByteDance on national security grounds, or be banned,
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,
WASHINGTON – US President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government. “I have the right to make a deal,” Mr Trump said at an event alongside Mr Ellison at the White House on Jan 21.
ByteDance, to either divest the app to an American buyer or shut the platform down in the U.S. He has stated that the U.S. should own half of TikTok and suggested that billionaire Elon Musk or Oracle founder Larry Ellison should purchase the app.
After the bipartisan TikTok law was signed by former President Joe Biden in April, ByteDance said it did not have plans to sell the platform and fought the statute in court for months. China also rebuked Washington over the divestment push, though more recently it appears to be softening its stance.
Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ensure TikTok stays online in the US — and suggested there may be