He previously floated a joint venture, saying that the US should be entitled to half of the app.
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.
President Trump has made it very clear who he considers to be the right potential buyer for TikTok’s US ownership rights.
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
Larry Ellison unveiled plans for an AI-driven cancer vaccine system that could deliver personalized treatments within 48 hours.
When it comes to nautical luxury, billionaires spare no expense in their quest for oceangoing excellence and the finest superyachts. Oracle co-founder billionaire Larry Ellison achieved just that with his $160 million USD ($260 million AUD) superyacht, Musashi, a masterpiece of engineering and a tribute to cultural appreciation.
The President said he would be open to the US billionaires purchasing social video app TikTok as part of a joint venture with the US government.
President Donald Trump said he is in favor of Elon Musk or Larry Ellison buying TikTok as he offered his latest thinking on what a deal might look like to save the US operations of the social media platform.
At a press briefing on Tuesday, President Trump suggested that he’s open to the idea of Elon Musk or Larry Ellison buying TikTok.
Shortly after the Supreme Court greenlit unlimited donations to political committees known as super PACs over a decade ago, billionaire tech CEO Larry Ellison began to cut multimillion-dollar checks aimed at influencing politics at the highest levels.
Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand boosted LVMH stock.