Trump Discusses Potential Sale of TikTok’s US Operations
US President Donald Trump stated on Monday that the Chinese app TikTok may sell its American operations. He mentioned that discussions are ongoing between both parties involved. Trump expressed his desire for other companies to also compete for the purchase of TikTok.
He noted, “Many other companies want to buy TikTok.” Trump emphasized that these companies are interested in ensuring that the US retains 50 percent ownership of the app. Previously, he had suggested that prominent figures like Tesla’s CEO Elon Musk and Oracle Corp Chair Larry Ellison were also against TikTok being owned by China.
On Saturday, Trump mentioned that many people have approached him regarding this matter. He believes that the potential agreement could greatly benefit America, stating, “I am doing this only for the benefit of America.”
Perplexity AI’s Interest
In addition, the American AI company Perplexity has expressed interest in acquiring TikTok’s US operations. They have made an offer of $300 billion. If the deal goes through, the US government would hold a 50 percent stake in TikTok. However, the government would not have a seat on the board or voting rights regarding decisions; instead, the board could include representatives from the parent company, ByteDance.
Currently, there are over 17 million TikTok users in the US. The American government had previously considered banning the app due to security concerns and had enacted a law to close it in the US on January 19. However, after winning the presidential election, Trump indicated that he favored allowing TikTok to continue operations. Following his inauguration, he issued an executive order giving TikTok 75 days to sell its business to an American company.
Summary of Trump’s Statements on TikTok
| Key Information | Details |
|---|---|
| Trump’s Stance | Wants other companies to bid for TikTok’s US operations |
| Percentage Ownership | Trump wants the US to have 50% ownership of TikTok |
| Companies Interested | Tesla (Elon Musk), Oracle (Larry Ellison), Perplexity AI |
| Perplexity AI Offer | Offered $300 billion for a 50% stake in TikTok |
| Board Participation | US government won’t have board seat or voting rights |
| User Base in the US | Over 17 million TikTok users |
| Previous Ban | TikTok was set to be banned in the US due to security concerns |
| Current Status | Trump extended the deadline for TikTok’s sale by 75 days |
