Reported about 7 hours ago
Former President Donald Trump expressed his support for Elon Musk or Larry Ellison buying TikTok, suggesting a potential 50-50 joint venture with the U.S. to maintain operations of the platform, which is owned by the Chinese company ByteDance. He mentioned that such a deal would involve the U.S. granting a permit in exchange for half of TikTok. However, legal experts raised concerns that this arrangement may not comply with laws designed to address national security issues related to foreign ownership of the app, and pointed out potential challenges to Trump's executive order delaying the ban on TikTok for 75 days.
Source: YAHOO