Trump Eyes TikTok Bidders: Microsoft, Elon Musk, Oracle, and More
Amidst national security concerns, President Trump has sparked a public bidding war for the fate of TikTok's US operations. The tech giant faces a ban imposed by Congress, and Trump has thrown out several names as potential buyers.
Microsoft
Microsoft, alongside Walmart, previously attempted to acquire TikTok during Trump's first term. Now, Trump has confirmed Microsoft's interest again. CEO Satya Nadella expressed confusion over the government's previous demands but remains open to discussions.
Elon Musk
Bloomberg and The Wall Street Journal report that Chinese officials have considered selling TikTok's US business to Musk. Trump expressed intrigue when asked about the possibility. Experts predict Musk could overcome legal hurdles due to X and TikTok's distinct user bases. His close relationship with the incoming president also favors his bid.
Larry Ellison and Oracle
Trump initially suggested Oracle's involvement but later denied talks. However, NPR reported a plan to move TikTok's control to Oracle, with Ellison overseeing the algorithm and data. Oracle currently provides services for TikTok.
Perplexity AI
Backed by Amazon founder Jeff Bezos and Nvidia, Perplexity AI proposed merging with TikTok's US business and granting half-ownership to the US government after an IPO. ByteDance would retain a minority stake, and existing investors would receive equity in the new entity.
Other Bidders
* Frank McCourt and Kevin O'Leary, with a consortium of business professionals, offered $20 billion for TikTok, excluding the algorithm.
* Former US Treasury Secretary Steven Mnuchin expressed interest in diluting Chinese ownership.
* A group led by Jesse Tinsley and YouTube star "MrBeast" submitted an all-cash bid, represented by Paul Hastings LLP, which includes Brad Bondi, brother of Trump's pick for attorney general.