Who will acquire TikTok? Trump: Elon Musk or the founder of Oracle, acquisition

On Tuesday, President Trump said he is considering the possibility of having Tesla CEO Musk or Oracle Chairman Larry Ellison acquisition TikTok, emphasizing that without US operational approval, TikTok would be worthless, but with approval, it could be worth as much as $1 trillion. (Background: US TikTok refugees flock to Xiaohongshu, concept meme coins momo, REDnote.. heat soaring) Currently, TikTok's US business is in a state of uncertainty due to Trump's executive order signed on Monday, allowing TikTok to operate in the US for 75 days, aiming to temporarily delay the national security law that was effectively ruled by the Supreme Court last week. Analysts estimate TikTok's US business value at about $50 billion. Trump stated that without US operational approval, TikTok would be 'worthless,' but with approval, it could be worth as much as $1 trillion. Musk is an important donor in Trump's campaign and has considerable influence within the government, while Larry Ellison has long been a Trump supporter. Oracle is currently TikTok's cloud infrastructure provider in the US. Proposed joint operation Trump has proposed multiple times recently that ByteDance and US buyers can jointly operate TikTok with each holding 50% stake, Trump reiterated on Tuesday that the above arrangement would make TikTok more valuable as aligning with the US government, becoming a strategic partner, ensuring long-term profitability and success: 'I am considering telling someone to buy it, give half of the equity to the US. We will give operational approval.' Trump's attitude towards TikTok has undergone a huge transformation since his first term. In 2020, Trump signed an executive order trying to ban TikTok, but the federal court found his actions 'arbitrary and capricious' and blocked them. After meeting with Republican donors, Truth Social's parent company shareholder, and ByteDance's important investor Jeff Yass in February last year, Trump began to take a more positive stance towards TikTok. TikTok CEO Zhang Yiming attended Trump's inauguration on Monday. ByteDance has not indicated whether it will sell TikTok, but there were previous reports that the Chinese government was considering letting Musk acquisition TikTok.