Other potential buyers include the philanthropist Frank Mccourt ’s Project Liberty, which is raising capital to make a bid for TikTok in order to “rearchitect the platform” and protect user data.
According to a new report, Oracle is in talks to take over TikTok's global operations, while Microsoft is looking to invest.
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US President Donald Trump has stated that he is open to the idea of Elon Musk or Larry Ellison buying up TikTok.