Trump described the situation as “very cut and dry,” outlining two outcomes: either a buyer acquires TikTok, secures jobs, and ensures platform security, or the app faces shutdown.
Previous and Current Bids
Microsoft’s interest echoes earlier negotiations in 2020, when it competed with Oracle and Walmart for a stake in TikTok. While Oracle and Walmart later announced plans to purchase a combined 20% stake in TikTok, those deals ultimately fell through.
Other recent bidders include an Employer.com-led investor group and Perplexity AI, a search engine operator. Earlier interest was reported from former U.S. Treasury Secretary Steven Mnuchin and billionaire Frank McCourt.
Musk and Ellison Among Potential Buyers
Trump added intrigue by suggesting that Elon Musk could purchase TikTok if he were interested. Trump also singled out Larry Ellison, Oracle’s founder, who was present during a recent press conference, saying, “I’d like Larry to buy it too.”
The unfolding negotiations may reshape the future of TikTok in the U.S., a platform that has faced scrutiny over its Chinese ownership.
