Billionaire Larry Ellison’s backing of Stargate could help grease the wheels for the embattled merger between Paramount Global and Skydance Media, sources told The Post.
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US President Donald Trump he would be open to tech billionaire Elon Musk – the owner of social media platform X – buying Chinese-owned app TikTok.
At a press briefing on Tuesday, President Trump suggested that he’s open to the idea of Elon Musk or Larry Ellison buying TikTok.
During a press conference on Tuesday afternoon, President Donald Trump floated the idea of Elon Musk or Larry Ellison purchasing TikTok, while also proposing that the U.S. government take a significant share of the transaction.
US President Donald Trump has shown support for Elon Musk potentially buying TikTok and proposed that the US government receive a 50% ownership stake
President Trump has favored billionaires Elon Musk and Larry Ellison to make a bid for TikTok, while JetBlue now accepts Venmo payments for flights, and the most vulnerable and commonly used passwords are "password,
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Trump revealed that OpenAI, SoftBank (TYO: 9984) Group (SBG), and Oracle (NYSE: ORCL) are partnering on a joint venture (JV) called Stargate, which he said will develop data centers and generate over 100,000 jobs across the US.
Stargate "will be the most important project of this era,” OpenAI CEO Sam Altman said Tuesday alongside Trump.