President Trump has outlined his plans for the future of TikTok.
Speaking at an event in the White House on Tuesday, Trump said that Elon Musk or Oracle Chairman Larry Ellison would be among his preferred people to purchase the app.
“I have the right to make a deal,” he said.
“So what I’m thinking about saying to somebody is buy it and give half to the United States of America, half, and we’ll give you the permit, and they’ll have a great partner.”
Trump was then asked whether he had Musk in mind.
“I would be if he wanted to buy it, yes,” Trump responded. “I’d like Larry to buy it, too.”
TRUMP: “I’m open to Elon Musk buying TikTok if he wants it. I’m also open to Larry Ellison buying it. You’re a rich guy, Larry, do you want it? I want then to do a 50/50 JV deal with America. With us, it’s worth trillions. Without us, nothing. What do you think, Larry?”… pic.twitter.com/it3siFamIT
— Autism Capital (@AutismCapital) January 21, 2025
TikTok’s parent company ByteDance has repeatedly insisted that it would not sell the company under any circumstances.
Bloomberg reported earlier this month that China was open to selling the company to Musk, who has friendly relations with the communist regime through his many business dealings in the country.
The popular video-sharing app is currently in a state of legal uncertainty after a nationwide ban took effect on Sunday, hours before Trump took office.
However, Trump reversed that ban within hours of taking office as part of an executive order that will give the company another 75 days to find a solution.
TikTok’s CEO Shou Chew was among the prominent tech executives in attendance at Trump’s inauguration on Monday.
TikTok CEO Shou Chew in the Capitol rotunda during President Trump’s inauguration.
The fate of his Chinese Communist Party-controlled app hangs in the balance. pic.twitter.com/oyRPiB2kia
— Michael Sobolik (@michaelsobolik) January 20, 2025
In a statement to its users following the restoration of its service, the company thanked Trump for “providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170 million Americans and allowing over 7 million small businesses to thrive.
”We will work with President Trump on a long-term solution that keeps TikTok in the United States,” the statement added.
The post Trump Outlines His Plan For TikTok — Wants Elon Musk or Larry Ellison to Purchase Company in Joint U.S. Venture (VIDEO) appeared first on The Gateway Pundit.