International
Bidding War Intensifies Over TikTok’s Future as Trump Voices Approval
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- President Trump approves of the growing list of potential buyers for TikTok.
- Major tech companies like Microsoft, Oracle, and Elon Musk are leading the bidding war.
- The U.S. investigates TikTok and DeepSeek over national security concerns.
As the debate surrounding TikTok’s future intensifies, President Trump has weighed in, expressing approval over the growing list of potential buyers for the app.
“That’s a good thing,” Trump commented, as the app’s controversial Chinese ownership continues to raise national security concerns.
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The bidding war has attracted major tech players, including Microsoft, Oracle founder Larry Ellison, and even billionaire Elon Musk.
While Microsoft has remained tight-lipped about the negotiations, CEO Satya Nadella emerged as a prominent figure when Trump first pushed for a TikTok ban in 2020.
The U.S. government’s primary concern remains the app’s ties to China and the potential for data theft.
Despite TikTok’s repeated denials, the scrutiny on its Chinese ownership persists.
Last week, Trump signed an executive order pausing the planned ban for 75 days, allowing time to explore a potential sale or investment in the app. This sale could happen within the next month.
In addition to TikTok, another Chinese-owned app, DeepSeek, is also under investigation by the White House for its use of artificial intelligence and data collection practices.
The administration is scrutinizing DeepSeek for potential national security risks, adding fuel to the ongoing debate about foreign influence on American technology.
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As the clock ticks down on TikTok’s fate, the tech world is closely monitoring the situation.
With multiple major players vying for control, the outcome could have significant implications not only for the app’s future but for the broader landscape of global tech competition.
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