Investing.com-- President Donald Trump said on Tuesday that he would be open to letting Tesla (NASDAQ:TSLA) CEO Elon Musk or Oracle (NYSE:ORCL) head Larry Ellision purchase TikTok under a joint venture with the U.S. government.
Speaking at a White House event, Trump said he was open to such a deal, as long as the U.S. was able to gain an at least 50% interest in the video streaming app, as he had touted before.
On Musk buying the app, Trump said he would be open to the deal, if the Tesla CEO wanted to do so.
Trump signed an executive order on Monday, one of his first acts as President, granting TikTok 75 more days to find an American buyer for its U.S. operations, which the social media firm was ordered to shutter after Congress voted for a ban.
The ban was upheld by the Supreme Court, and was set to go into effect from January 19, a day before Trump’s inauguration.
But TikTok was seen restoring its U.S. services after Trump’s executive order, which also called on U.S. authorities to not enforce the ban.
Calls for TikTok’s ban were driven chiefly by concerns that its parent company, Bytedance, was collecting data on U.S. citizens and potentially compromising national security.