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4mo ago

TikTok Faces Uncertain Future as U.S. Ban Temporarily Suspended

President Trump's executive order grants TikTok a 75-day reprieve while potential buyers, including Oracle and Microsoft, explore acquisition options.

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The deal for TikTok being negotiated anticipates participation from ByteDance’s current U.S. investors, according to the sources.
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Microsoft Oracle

Overview

  • TikTok is temporarily operational in the U.S. after a brief shutdown, following an executive order delaying enforcement of a ban for 75 days.
  • Apple and Google have removed TikTok from their app stores, preventing new downloads and updates, citing legal uncertainties despite the reprieve.
  • Oracle and Microsoft are reportedly exploring bids to acquire TikTok, with potential deals involving U.S. oversight and ByteDance retaining a minority stake.
  • A revised proposal from Perplexity AI suggests merging with TikTok's U.S. operations, allowing the U.S. government to own up to 50% of the new entity without voting power.
  • President Trump has stated that a decision on TikTok's future ownership will be announced within 30 days, with interest from multiple parties, including Larry Ellison and Elon Musk.