Topline
Trump administration and software company Oracle – led by billionaire Larry Allison – is discussing a contract to occupy Tiktok, according to the NPR, the latest company that revolves around the US ban. The dance is interested in buying a popular social media app.
Oracle Chair Larry Alison is delivering an important address during the Oracle Open World in September 2019. … [+]
Key facts
Orange Is Discussed an agreement It will include this and other US investors, possibly Microsoft, including Microsoft, will contribute to the majority of the tricks, while by -China -based byte dance will still have minority shares, the NPR said on Saturday. Still “in the flow” – after a similar deal. Oracle was broken in 2020.
Confused ai The company offered an offer to byteedance to integrate with TikTok and New Capital Partners, under this agreement that most of the byte dance investors would allow to maintain their equity shares, a source familiar with the situation said – CNBC.
Chinese government officials have considered selling Tiktok’s US operations to Tesla’s CEO. Elon Musk As China is discussing navigating relations with President Donald Trump, which ties with Musk have been tightened in recent months, Bloomberg Reported (Byteedance, responding to the Bloomberg report, told Forbes that it could not “expect to comment on pure fiction.”)
Youtuber Mr. BestWhose real name is Jimmy Donaldson, Democracy On x he will buy “tiktok so that he doesn’t burn,” later Medicine He had “a lot of billionaires” and said “he will see if we can end it.”
Project LibertyAn Internet Advocacy group that billionaire fRank McCOURTSubmitted a Proposal– Supported the “shark tank” investor Kevin Olyeri, Gogan Hyme Securities And others – to buy Tiktok’s US -based assets on January 9, saying that the group will reorganize the company to collect low user data.
Enorman Told Fox put a $ 20 billion “on the table” for Tiktok, saying that the Supreme Court has supported the law banning the app in the United States to sell it to the “American syndicate”.
A former Tick Talk employee advised Forbes. Amazon The app can possibly buy, because Amazon – the app’s third largest advertiser – has deepened its relationship with the platform after announcing a contribution that browses Amazon products on Tiktok to users and Can be allowed to buy.
Video sharing platform Garbage Offered To buy Tiktok in March 2024, saying that the company is “ready to join consortium with other parties” to buy the app, though neither Rumble nor CEO Chris Pavlovski disclosed details about the offer –
Bobby kotakActivision Blizzard’s former CEO showed interest in buying Tiktok and offered this idea with Openai CEO Sam Altman And to help finance the other contract, According to The Wall Street Journal, though Kotak has not made any public comment on the offer.
Former Secretary Treasury Steve Manuchin In March 2024, CNBC told him that he later planned to “collect a group” to buy Tiktok Tell Bloomberg had contacted “many tech companies” about buying the app and re -making its algorithm, which byte dance has said that it will not be included in the sale.
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Forbes’ diagnosis
Cania is the richest man on earth with an estimated $ 428.8 billion. Allison is the third richest man in the world with $ 228.1 billion. Former Los Angeles Dodgers’ Mc -Cricket’s total value is $ 1.4 billion.
Why tickets can be sold?
A law signed by the Congress and a former president Joe Biden has banned Tiktok in the United States last year unless selling the BYTEDANCE app. The ban was enforced on January 19, which indicated Tiktok for more than 12 hours, but after Trump’s promise to expand the deadline for sales, the platform restored service in the United States. The ban is now implemented in about 75 days under a Trump -signed executive order, which has called for a platform to handle the platform through a joint venture, including plate dance and new owners based in the United States. TIKTOK has retreated against the law and argued that the sale of US operations of the app would be inaccessible, a legal filing in May claimed that the proposed ban was “not just possible: not commercially, not technically, not, Not legally. “
Which companies have tried to buy tickets?
Microsoft Allegedly Was offered to buy tiktok from byteedance in August 2020, and this deal was cited by Microsoft’s CEO Satya Nadella as “the most weird thing I have ever worked on”, before the break Almost closed. Orange And Votage Announced In September 2020, companies signed a contract to obtain Tiktok, but the deal ended after the Biden administration. Allegedly Prevented it from proceeding to deal with the app’s potential safety risks.
How much does TikTok cost?
Dan Evos, Analysts of Weedbish Securities, Told The CBS Financial Services firm had a tiktok price about $ 100 billion, including the algorithm. IVES has also suggested that the BYTEDANCE platform can expect $ 40 billion to $ 50 billion for US operations.
Key background
Tiktok critics say the app can be used to collect US users’ data or promote government propaganda. Forbes first tiktok journalists spying, hosting Chinese propaganda on US politicians, allegedly misusing user data, including financial information, social security numbers and personal contacts and “sensitive words” Reported about tracking. Tiktok and byteedance have denied any wrongdoing or links to the Chinese government, arguing that they have never given user data to government officials and that the US user’s data is kept in the United States.
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