Reported 1 day ago
President Trump is orchestrating a public bidding war for TikTok's U.S. operations, citing potential buyers such as Elon Musk, Microsoft, and Larry Ellison. The initiative aims to bypass a Congressional ban by allowing TikTok's Chinese parent company, ByteDance, to divest its U.S. holdings. Trump hopes to finalize a deal within 30 days, while various parties, including AI startup Perplexity AI and former Treasury Secretary Steven Mnuchin, have emerged as potential bidders for the platform.
Source: YAHOO