- Amazon, Microsoft, and Oracle are exploring acquiring TikTok's U.S. operations, following U.S. President Trump’s push for American control to address national security concerns.
- TikTok is negotiating a joint venture with U.S. investors to secure data control, rather than selling its U.S. business outright.
- Elon Musk dismisses rumors about acquiring TikTok, stating he has no interest in the platform, despite prior speculation.
Amid ongoing uncertainty regarding TikTok’s future in the United States, major tech players like Amazon, Microsoft, and Oracle are reportedly in talks to acquire TikTok’s U.S. operations.
This update comes after U.S. President Donald Trump, who has been adamant about addressing national security concerns related to the app. With the extended TikTok ban, he had made clear about his preference for American control over TikTok’s U.S. segment.
According to a report, Trump has taken further action by signing an executive order to create a sovereign wealth fund aimed at facilitating the purchase of TikTok's U.S. operations.
As Trump’s administration pushes for a solution, the U.S. government has been in discussions with TikTok, which is exploring alternatives to an outright sale. One such plan includes establishing a joint venture with U.S. investors, aimed at ensuring American control over data security.
While this battle intensifies, Tesla CEO Elon Musk has categorically dismissed any interest in acquiring TikTok.
"I have no interest in buying TikTok," Musk stated at a recent virtual summit, addressing persistent rumors.
These speculations surfaced after reports hinted that China might sell TikTok to Musk to avoid a U.S. ban, though ByteDance has firmly denied the claims.
The outcome of this ongoing saga remains uncertain as the U.S. government, under Vice President JD Vance, continues to seek a resolution that would satisfy both national security concerns and corporate interests.
Edited by Harshajit Sarmah
