ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

Here’s another bright idea from President Donald Trump. He just expressed openness to the idea of either Tesla CEO Elon Musk or Oracle Chairman Larry Ellison purchasing TikTok, a move that could have significant implications for the app’s future in the United States.

After years of rejecting the idea of a sale of TikTok’s US assets to an American buyer in order to avert a ban, China and ByteDance may have found an owner they could live with: Elon Musk.

Trump says he’s open to Elon Musk buying TikTok ‘if he wants to’ - Chinese officials want acquisitions to be decided by companies ‘in accordance with market principles’

"I'd like Larry to buy it, too."TikTok is in a state of limbo in the U.S. after Trump signed an executive order to keep TikTok operating in the country for 75 days. President Trump said that TikTok, owned by China's ByteDance would be "worthless" without a permit to operate in the U.

At a press briefing on Tuesday, President Trump suggested that he’s open to the idea of Elon Musk or Larry Ellison buying TikTok.

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

US President Donald Trump on Tuesday said he would be supportive of the world's richest man and his close aide, Elon Musk, buying TikTok "if he wanted to". Trump was asked if he would be open to the billionaire founder of Tesla buying the short-video platform facing a nationwide ban in the US after the Supreme Court last week upheld a law requiring TikTok to sever ties with its Chinese parent ByteDance.