He previously floated a joint venture, saying that the US should be entitled to half of the app.

President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp. Chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government.

Larry Ellison, co-founder of Oracle Corporation, has an estimated net worth of approximately $200 billion, currently placing him among the third richest person in the world, according to Forbes.

Frank McCourt’s Project Liberty and other investors have submitted a bid to buy TikTok from China-based ByteDance after a court-ordered divestiture or shutdown.

The President said he would be open to the US billionaires purchasing social video app TikTok as part of a joint venture with the US government.

Billionaire Frank McCourt, Shark Tank investor Kevin O'Leary, tech entrepreneur Jesse Tinsley and MrBeast have all expressed interest in TikTok

China’s foreign and commerce ministries didn’t immediately respond to requests for comment on whether Beijing would allow the American government to own part of TikTok.

He proposed this deal during a press conference announcing a $500 billion investment in artificial intelligence infrastructure, though its legal feasibility remains unclear.

While TikTok temporarily went offline over the weekend, Trump signed an executive order on Jan. 20 – his first day in office – to extend the deadline for a sale by 75 days. While it’s not clear that Trump has the authority to extend the deadline,

President Donald Trump gave the social media platform more time to comply with a law that requires it to divest its Chinese ownership.

The YouTube star mentioned he'd buy the platform so it wouldn't get banned, but despite speculation, TikTok is not yet for sale and Jimmy Donaldson is not officially pursuing its U.S. operations.

TikTok’s fate in the United States hangs in the balance, with the video-sharing app facing a federal ban unless its Chinese parent company, ByteDance, divests its stake. As app users wait to see what happens,