What will happen to TikTok? A look at the potential buyers.

MT HANNACH
8 Min Read
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Tiktok may be back online, but the future of application in the United States is still far from certain. Executive decree of President Donald Trump of the prohibition was only a temporary stay for the company.

While Bytedance was once resistant to the idea of ​​selling Tiktok American affairs, it seems to have changed since Trump took up his duties. An investor of Bydance Concluding an agreement to keep Tiktok in the United States is “in the interest of everyone”. Officials in China also suggested that they were “open” to an agreement, The Wall Street Journal.

A number of people and businesses have aroused a certain interest in Tiktok. Trump himself He would like to see an “auction war” for the application and that the United States government should own in the company. What can a possible case look like, however, is not clear. These are the offers we currently know. Trump’s decree gave the company 75 days to conclude an agreement.

Oracle

NPR That Oracle worked with the Trump administration officials on “a plan to save Tiktok which involves typing the Oracle software company and a group of external investors to effectively take control of global application operations”. As part of this arrangement, Bytedance “would retain a minority participation in the company”, but Oracle would supervise “the application algorithm, data collection and software updates”.

Led by Trump Larry Ellison’s friend, Tiktok has an existing partnership with Oracle. Cloud company US user data from Tiktok and the company were Original Tiktok negotiations to remain operational in the United States as part of a plan called Texas Project. (These negotiations suddenly in 2022.)

Trump also previously For Oracle and Walmart to acquire a 20% participation in Tiktok in 2020, when the president tried to prohibit the application during his first mandate. This agreement has never materialized. Now Trump’s position on Oracle is not clear. He This oracle was not among the “many people” with whom he had discussed an agreement for Tiktok. (Ellison, in particular, has been at the White House in recent days. He joined Trump and Openai CEO Sam Altman for the announcement of the .)

Microsoft

Microsoft would also be interested in playing a role in the future of Tiktok, according to the same NPR story, which said that Microsoft was one of the “other potential investors” involved in talks with Oracle. Trump apparently confirmed it. When asked directly if Microsoft was interested in buying tiktok this week, Trump “I would say yes.”

As with Oracle, this is not the first time that Microsoft has been trying to acquire the social media company. Microsoft was in talks to buy tiktok and take control of his American affairs, but the agreement . CEO of Microsoft Satya Nadella later It is “the strangest thing I have ever worked on”.

Perplexity AI (and perhaps the American government)

Just before Tiktok was briefly offline, Perplexity Ai threw his hat into the ring, offering in Bytedance which “would create a new entity combining perplexity, Tiktok US and New Capital Partners”.

Since then, perplexity would have changed its proposal. According to the The IA company now offers a plan that calls on the “US government to have up to half of this new structure once it has made a first public offer of at least $ 300 billion”. As part of this plan, Bytedance would keep a minority participation in the company and “contribute the American activities of Tiktok without the proprietary algorithm which feeds what users see on the application”.

Mrbeat

Youtuber Mrbeast, also known as Jimmy Donaldson, joked On the purchase of Tiktok before the initial ban. It later This “so many billionaires” had contacted him to make an offer that he was going to try to withdraw it.

At least one group has already Its involvement, as well as other “high shuttle individuals” who seek to make a “cash offer”. This group, led by the founder of the employer.com, Jesse Tinsley, would also include the CEO of Roblox, David Baszucki. According to Bloombergtogether, they gathered “significantly” more than For an offer, although it is not clear how serious their offer is seriously. Bloomberg Note that there is also a possibility that MrBeast can attach to other offers.

Project Liberty

Another set of investors who offered a Tiktok purchase offer is a group called . Led by the investor Frank McCourt, he includes of Shark tank fame. The group initially expressed itself before the prohibition entered into force. However, it is not clear where they are right now.

O’Leary previously The fact that transactions involving government participation does not comply with the law. “This 50/50 agreement, I would like to work with Trump, just like any other potential buyer … But the problem with some of these ideas is that they are incompatible with the decision of the Supreme Court,” it was He declared. “I would love to conclude an agreement, if the law provided for it, but I do not have the luxury of violating the order of the congress.”

This week, he said that the agreement “changes by the hour”, writing on x that I am clear for me now that we will have to dance between the original owners, the founders of Bytedance himself and interpret the Law of what the Congress and the Supreme Court have confirmed. “”

What is the next step?

So where does it all leave Tiktok? For the moment, the company is in the same limbo in which it has since been briefly . The application is still not available in Apple or Google application stores and could become again if the company is unable to reach an agreement.

For the moment, however, it seems that the government and Byedance are much more willing to negotiate than they have been in the past. Although it is all the semi-credible plans that we currently know, the situation should change in the coming weeks while the different parties try to conclude a viable offer. We will keep this message up to date as new details will emerge.

This article originally appeared on engadget on https://www.engadget.com/social-media/what-will-happen-tiktok-a-look-at-the-potential-buyers-000110723.html src = rsss

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