President Trump announced that Microsoft is currently in discussions to acquire TikTok’s U.S. operations, emphasizing widespread interest in the social media platform. This follows earlier attempts in 2020 by Microsoft and Oracle to secure TikTok amidst concerns over its Chinese ownership. A recent executive order signed by Trump has extended the deadline for TikTok’s ban by 75 days, with the app remaining operational but unavailable on app stores.

In a dynamic twist, Perplexity AI and billionaire Frank McCourt have presented merger and acquisition proposals for TikTok, adding to the intrigue surrounding its future. Trump’s openness to figures like Elon Musk and Larry Ellison purchasing TikTok further underscores the evolving landscape of potential buyers vying for this sought-after platform.

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