Trump allowed to buy TikTok in the USA: what is required

22 January 2025, 13:53 | Markets
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US President Donald Trump supports the purchase of the American division of the Chinese social network TikTok by US billionaires. At the same time, the company should become half state-owned.

Trump said this during a dinner with Oracle CEO Larry Ellison, SoftBank Chairman Masayoshi Son and OpenAI CEO Sam Altman.. According to Bloomberg, the event took place at the White House on January 21..

" So I'm thinking about telling someone: buy it and give half to the US. We will give you permission. They will get a great partner,"

He stressed that he is open to the purchase of TikTok by his billionaire supporter Elon Musk or Ellison. " “It all depends on whether the United States gives permission,” Trump said..

On his first day in office, January 20, he delayed the blocking of TikTok in the US by 75 days.. This time will be allocated to search for potential buyers of the company's American subsidiary, despite the fact that its owner, ByteDance, has publicly refused to sell.

In addition, at the dinner, Trump announced the creation of an artificial intelligence development company called StarGate.. The initial cost of the project is estimated at $100 billion, but over the next four years it could rise to $500 billion..

According to the president, the project will include the construction of “colossal data centers” and will create 100 thousand jobs.

" According to him, this will be the physical and virtual infrastructure to support the next generation of advances in AI..

The initiative was supported by OpenAI and SoftBank. The first will take on operational responsibility, and the second will oversee the financial execution of the idea, but will lead the joint venture by Masayoshi Son. The technical partners of the project will be Arm, Microsoft and Nvidia..

Based on materials: bloomberg.com



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