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President Trump is leveraging his negotiation prowess as he aims to secure possible buyers before the approaching deadline he established for the sale.
In a remarkable display of executive power, Trump is wrapping up arrangements for investment consortia that comprise firms like BlackRock and Oracle.
Bloomberg News
reported, leading to their involvement in a scheduled event
White House
meeting on Wednesday.
This kind of consortium could prevent the company from facing a legal mandate to close down, unless a sale occurs – following Trump’s extension of the official deadline.
Additionally anticipated at the meeting is the presence of the Vice President.
JD Vance
, Commerce Secretary Howard Lutnick — who has played a crucial role in the tariffs that Trump plans to implement — DNI
Tulsi Gabbard
as well as National Security Advisor Mike Waltz.
The investor roster likewise features significant players from the realms of private equity and venture capital.
capital
firms and big investors.
Soon after taking office, Trump welcomed Oracle CEO Larry Ellison to the White House and discussed potential investments in artificial intelligence.
On their inaugural day, the new president issued an executive order halting the TikTok ban for 75 days, suspending a measure that had been approved by Congress and previously enacted by former President Joe Biden.
Legislators fast-tracked the prohibition by invoking national security issues attributed to its Chinese roots.
Trump said in the Oval Office Monday he had the ability to extend the deadline again, as he seeks to finalize an ownership group.
I could prolong it if I choose,” Trump stated. “However, we’ve seen a great deal of enthusiasm.
Tiktok
For purchasing it, I believe TikTok is good. I have used it—I was quite an avid user of TikTok,” Trump stated.
Trump also hyped the deal on Saturday. ‘We have a lot of potential buyers. There’s tremendous interest in Tiktok. I’d like to see Tiktok remain alive,’ he said.
The firm is owned by its Chinese parent company, ByteDance.
Assistants working for Vance contacted possible purchasers, as reported by the Associated Press.
Vance said days ago
There will likely be a high-level accord that I believe addresses our nation’s security issues, enabling an independent American version of TikTok to exist.
Perplexity
AI
Has put forward one bid. Additional recognized participants include millionaire Frank McCourt and Jesse Tinsley, the creator of Employer.com, who mentioned that a group involving the CEO of Roblox has proposed over $30 billion.
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