#Musk May Acquire TikTok#

The possibility of Elon Musk acquiring TikTok is heating up. U.S. President Donald Trump has expressed support for Musk or Oracle Chairman Larry Ellison acquiring TikTok and forming a joint venture with the U.S. government. He even offered to give the U.S. 50% of TikTok's shares in exchange for operating permission. Despite ByteDance's firm refusal to sell TikTok, Trump has signed an executive order extending the deadline for the sale by 75 days. Meanwhile, a Supreme Court ruling on national security laws may force ByteDance to reconsider its sale plan. Prince Alwaleed bin Talal's investment firm Kingdom Holding (KHC) has also indicated that it would be interested in investing if Musk or someone else acquired TikTok. KHC currently holds stakes in Musk's social media platform X and AI startup xAI, making its investment intention a potential factor in Musk's acquisition of TikTok. However, the Chinese government has expressed a cautious stance on the deal, stating that it hopes the U.S. will provide a fair and non-discriminatory environment, which could potentially hinder the transaction.