Amid the ongoing uncertainty surrounding TikTok’s future in the U.S., Tesla Inc. TSLA CEO Elon Musk and Oracle Corp.’s ORCL Larry Ellison have emerged as prominent figures in the potential acquisition.
What Happened: While speaking with BBC on Thursday, Wedbush analyst Dan Ives underscored TikTok’s status as the fastest-growing social media platform.
He noted that any sale excluding its algorithm could still be valued at $40 to $50 billion and predicted that around 10 to 12 bidders might emerge in the coming weeks.
The analyst also said that while Musk is a strong contender, Oracle remains in the race, with Microsoft Corporation MSFT as a potential long shot.
See Also: Mark Zuckerberg Stands To Gain The Most From TikTok’s US Ban: Meta Could Reap Billions In Ad Revenue
He highlighted the situation’s complexity, stating that a successful deal would require “someone hand-picked from Beijing but also Trump’s White House.”
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Why It Matters: On Monday, Trump suspended the U.S. TikTok ban for 75 days, creating a window for potential buyers.
While TikTok’s owner, ByteDance, has stated that it has no plans to sell, the app’s immense value and reach have attracted interest from several billionaires and major firms.
Trump has expressed openness to either Musk or Ellison acquiring TikTok, suggesting that a U.S. permit could be key to a $1 trillion valuation.
Billionaire entrepreneur Frank McCourt and famous “Shark Tank” investor Kevin O’Leary are also leading an initiative to shield the platform from a potential nationwide ban.
Popular YouTuber, Jimmy Donaldson, also known as MrBeast has also been in talks with several billionaires about acquiring TikTok.
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