Even so, Mr Ellison remains the world’s fifth-richest man, and Oracle the third-biggest software firm. He has a thing or two to teach fellow tech titans, in particular his friend Elon Musk, about staying power.
He previously floated a joint venture, saying that the US should be entitled to half of the app.
President Donald Trump has said he would be open to Tesla CEO Elon Musk or Oracle chairman Larry Ellison buying TikTok as part of a joint venture with the
US President Donald Trump has shown support for Elon Musk potentially buying TikTok and proposed that the US government receive a 50% ownership stake
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
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.
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President Donald Trump said he'd be open to the possibility of TikTok's sale to Elon Musk or Larry Ellison. President Biden in 2022 announced Admiral Linda Fagan as the new commandant of the U.S. Coast Guard making her the first woman to lead a branch of the U.S. military. President Trump's administration has now fired Fagan.
As TikTok faces a potential ban, various bidders, including Elon Musk and Larry Ellison, are seen as suitors to buy the platform. Netflix is a possible option among streaming giants, though the company has not historically pursued major acquisitions.
President Donald Trump has issued a “full and unconditional pardon” to Washington, DC, police lieutenant Andrew Zabavsky and officer Terence Sutton for their roles in the death of 20-year-old Karon Hylton-Brown, a case that drew protests on the heels of the murder of George Floyd.
Other potential buyers include the philanthropist Frank Mccourt ’s Project Liberty, which is raising capital to make a bid for TikTok in order to “rearchitect the platform” and protect user data. McCourt is a billionaire who previously owned the Los Angeles Dodgers baseball team. The project is supported by the social psychologist Jonathan Haidt.
President Donald Trump said Tuesday that he would be in favor of Elon Musk or Larry Ellison purchasing TikTok and giving half ownership to the U.S. government.