At the World Economic Forum in Davos, President Trump is reportedly exploring creating a US sovereign wealth fund to acquire TikTok from its Chinese owners, potentially involving major private equity investors and taxpayer funds. While some entrepreneurs have made lucrative offers for a swift acquisition, challenges persist due to legal uncertainties, the Chinese government's control over the app's core algorithm, and broader geopolitical tensions between the US and China. Successful negotiations will require delicate diplomacy with Chinese President Xi.
Trump's attempt to override a law with an executive order is a bit legally dubious. It's going to take more than 75 days to have a deal papered.
Billionaire Kevin O'Leary has offered to buy it. Entrepreneurs have made wild offers to expedite a sale, including 'Mr. Beast,' aka Jimmy Donaldson.
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