U.S. businessman Frank McCourt is open to teaming up with other buyers on a bid to take over the U.S. operations of TikTok as long as he can maintain control of the asset, he told Reuters at the Davos event on Thursday.

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.

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

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

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.

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,

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,