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Trump Open To Elon Musk Or Larry Ellison Buying TikTok: Calls US Permit Key To $1 Trillion Valuation

Benzinga LogoBenzinga13h ago

Trump Open To Elon Musk Or Larry Ellison Buying TikTok: Calls US Permit Key To $1 Trillion Valuation - Benzinga

Quick Summary:

President Donald Trump expressed openness to Tesla Inc.(NASDAQ:TSLA) CEO Elon Musk or Oracle Corp.(NYSE:ORCL) Chairman Larry Ellison acquiring TikTok, marking a significant shift in the platform’s uncertain future amid regulatory challenges.

What Happened: Speaking at a press briefing Tuesday, Trump suggested ByteDance could find “the ultimate partner” in either tech executive while proposing an unusual arrangement in which half of TikTok’s ownership would be transferred to the U.S.government in exchange for operating permits.

The comments follow Trump’s Monday executive order suspending TikTok’s ban for 75 days, ...

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Trump Open To Elon Musk Or Larry Ellison Buying TikTok: Calls US Permit Key To $1 Trillion Valuation - Benzinga (Picture 1)

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Article Details

Author / Journalist: Kaustubh Bagalkote

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 01:33:52 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 25332545

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 14 posts per day

Year Established: 2010

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News Last Updated: 9 hours ago

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Publisher ID: #53

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