TikTok Sale Race Heats Up: Oracle Leads as Musk, MrBeast, and Major Players Compete for US Operations
The race to acquire TikTok's US operations has intensified, with multiple high-profile bidders emerging amid national security concerns. President Trump has announced that a decision will be made within 30 days regarding the app's fate in the United States.
Hand holding phone displaying TikTok
Oracle has emerged as the frontrunner in negotiations, with a proposed deal structure that would:
- Allow ByteDance to retain a minority stake
- Give Oracle oversight of algorithm, data collection, and software updates
- Include participation from ByteDance's current US investors (Susquehanna International Group, General Atlantic, KKR, and Sequoia Capital)
Other notable parties expressing interest include:
- Elon Musk
- MrBeast (YouTube creator)
- Kevin O'Leary with Frank McCourt's investor group
- Steven Mnuchin
- Perplexity AI
Perplexity AI has recently revised its merger proposal, dubbed "NewCo," which would:
- Combine with TikTok's US operations
- Allow up to 50% US government ownership upon future IPO
- Create a new independent entity
The Trump administration has granted TikTok a 75-day extension to complete a sale to a US company or face a ban. The final deal is expected to prioritize national security concerns while maintaining TikTok's operational capabilities in the US market.
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