Who Wins TikTok Auction on April 5?

TikTok must find a buyer by April 5th. And President Trump must approve the deal.

ByteDance is the Chinese company that owns TikTok.

U.S. politicians are concerned that the China-controlled social media app poses a national security threat.

So, Congress passed law in 2024 that is forcing TikTok to either…

  1. Close its U.S. operations
  2. Sell to American investors

ByteDance doesn’t want to sell. However, they may not have a choice.

The current valuation of ByteDance is $315 billion. TikTok alone could be worth $50 – $100 billion.

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American investors own a sizable stake in the company – including BlackRock, Susquehanna, General Atlantic, KKR and Sequoia Capital.

These investors are encouraging the White House to help facilitate a deal to sell TikTok.

Trump has asked VP JD Vance to lead an auction process to sell TikTok.

Potential bidders are lining up to acquire TikTok including…

  • Microsoft
  • Elon Musk
  • Larry Ellison of Oracle
  • Shark Tank’s Kevin O’Leary
  • Reddit co-founder Alexis Ohanian
  • U.S. Treasury Secretary Steven Mnuchin
  • YouTuber Mr. Beast and a group of billionaires

Trump wants the U.S. government to own 50% of TikTok after a deal is done.  That ownership could be controlled by a newly created United States Sovereign Wealth Fund.

So, who will end up buying TikTok?

Right now, it appears that Elon Musk and Larry Ellison have the inside track.

Elon is literally in the White House every day. And Trump has publicly said he’s okay if Elon buys TikTok.

Larry Ellison is less well-known. Yet he’s the powerful founder of Oracle (NASDAQ: ORCL) – and a Republican donor. Trump has also encouraged Larry to bid for TikTok.

Plus, Musk and Ellison are good friends. It’s likely that they could form a new partnership to acquire TikTok.

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