#Saudi Prince May Invest in TikTok Acquisition#
Hot Topic Overview
Overview
Kingdom Holding (KHC), the investment company owned by Saudi Prince Alwaleed bin Talal, has said it would be interested in investing in TikTok if Elon Musk or anyone else buys the app. The announcement comes after President Trump signed an executive order delaying the TikTok ban by 75 days and expressing support for Musk’s acquisition of the app. Trump also said he would be willing to support Musk or Oracle chairman Larry Ellison buying TikTok and forming a joint venture with the US government. While ByteDance has refused to sell TikTok, Trump has signed an executive order extending the deadline for the sale by 75 days, and a national security law ruling by the Supreme Court could force ByteDance to reconsider the sale.
Ace Hot Topic Analysis
Analysis
Kingdom Holding (KHC), the investment company of Saudi Prince Alwaleed bin Talal, said it would be interested in investing if Elon Musk or anyone else buys TikTok. The statement comes after President Trump signed an executive order delaying the TikTok ban for 75 days, saying he supports Musk’s acquisition of the app. Trump previously said he was willing to support Musk or Oracle Chairman Larry Ellison buying TikTok and forming a joint venture with the US government. While ByteDance has refused to sell TikTok, Trump has signed an executive order extending the deadline for the sale by 75 days, and a national security law ruling by the US Supreme Court could force ByteDance to reconsider its plans to sell. In addition to Musk and Ellison, other potential bidders include a team led by tech entrepreneur Jesse Tinsely, former Los Angeles Dodgers owner Frank McCourt, and “Shark Tank” investor Kevin O’Leary. The Chinese government has expressed a cautious stance on the deal, saying it hopes the US will provide a fair and non-discriminatory environment.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Saudi Prince Alwaleed bin Talal's investment firm Kingdom Holding (KHC) is interested in investing in TikTok if Elon Musk or someone else acquires the app.
President Trump supports Musk or Ellison acquiring TikTok and forming a joint venture with the US government.
ByteDance has refused to sell TikTok, but Trump has signed an executive order extending the deadline for sale by 75 days, while a national security law ruling by the US Supreme Court could force ByteDance to reconsider its sale plans.
The Chinese government has expressed a cautious stance on the relevant transactions, saying it hopes the US will provide a fair and non-discriminatory environment.