President Donald Trump said he is open to Elon Musk or Oracle (ORCL) Chairman Larry Ellison purchasing TikTok as part of a joint venture with the U.S. government, Alexandra Levine and Stephanie Lai of Bloomberg reports. “I have the right to make a deal,” Trump said at an event at the White House, according to Bloomberg. “So what I’m thinking about saying to somebody is buy it and give half to the United States of America, half, and we’ll give you the permit, and they’ll have a great partner.” ByteDance has publicly refused to sell TikTok, but prospective buyers hope the Supreme Court’s ruling in support of the national security law will push the company to reconsider. Companies in the social media space that compete with TikTok include Meta (META), Alphabet’s (GOOG) YouTube (GOOGL), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
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