There's no telling yet if Trump's plan can set up a better version of Project Texas or convince China to sign off on a TikTok sale. Analysts have suggested that China may agree to a TikTok sale if Trump backs down on tariff threats.
The bankers definitely want in despite this being a heavy lift because the fees on an estimated $20-plus billion deal could be pretty rich.
President Donald Trump is in talks with "numerous, very substantial people" about a TikTok deal - but not Oracle.
TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.
The president of the United States, Donald Trump, said on Tuesday, January 28, that Microsoft would be in talks to buy TikTok, although he stressed that he would like to see a "bid
US President Donald Trump has said Microsoft is in discussions to acquire TikTok and that he would like to see a "bidding war" over the sale of the social media app.
President Trump tells reporters on Air Force One that Microsoft is the latest contender in the race to buy TikTok's US operations.
Microsoft seeking to buy TikTok from ByteDance, says President Trump, as the LinkedIn owner eyes acquiring the social media company due to national security concerns.
US President Donald Trump on Tuesday said he would be supportive of the world's richest man and his close aide, Elon Musk, buying TikTok "if he wanted to". Trump was asked if he would be open to the billionaire founder of Tesla buying the short-video platform facing a nationwide ban in the US after the Supreme Court last week upheld a law requiring TikTok to sever ties with its Chinese parent ByteDance.
President Donald Trump has signaled a potential deal to save TikTok over the weekend, as Republican attorneys general are skeptical of the app's safety but await Trump's action.
Donald Trump is now being hailed as TikTok's savior after he tried to ban the app during his White House first term.