He previously floated a joint venture, saying that the US should be entitled to half of the app.

President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp. Chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government.

Larry Ellison, co-founder of Oracle Corporation, has an estimated net worth of approximately $200 billion, currently placing him among the third richest person in the world, according to Forbes.

Frank McCourt’s Project Liberty and other investors have submitted a bid to buy TikTok from China-based ByteDance after a court-ordered divestiture or shutdown.

The President said he would be open to the US billionaires purchasing social video app TikTok as part of a joint venture with the US government.

Billionaire Frank McCourt, Shark Tank investor Kevin O'Leary, tech entrepreneur Jesse Tinsley and MrBeast have all expressed interest in TikTok

US President Donald Trump he would be open to tech billionaire Elon Musk – the owner of social media platform X – buying Chinese-owned app TikTok.

China’s foreign and commerce ministries didn’t immediately respond to requests for comment on whether Beijing would allow the American government to own part of TikTok.

He proposed this deal during a press conference announcing a $500 billion investment in artificial intelligence infrastructure, though its legal feasibility remains unclear.

While TikTok temporarily went offline over the weekend, Trump signed an executive order on Jan. 20 – his first day in office – to extend the deadline for a sale by 75 days. While it’s not clear that Trump has the authority to extend the deadline,

TIKTOK’S Chinese parent company has just over two months to find a buyer for the app’s US business or face a nationwide ban, after getting a time extension from President Donald Trump.  There is already competition to own it.

As TikTok faces a potential ban, various bidders, including Elon Musk and Larry Ellison, are key contenders to buy the platform. Meanwhile, Netflix remains a possible option among streaming giants, though the company has not historically pursued major acquisitions.