Steve Wynn May Support TikTok Acquisition: Who Else Is in the Race for the App

What’s Happening with TikTok in the U.S.

By April 5, TikTok must be sold to an American company — otherwise, its operations in the U.S. will be banned. This decision by the Trump administration is based on national security concerns.

Who Might Buy TikTok

One of the active contenders to buy the app is AppLovin, a mobile technology company. They have already submitted a plan to the administration, emphasizing job creation and keeping TikTok as an active platform.

Other potential buyers include:

• Amazon
• Oracle
• Investment funds Blackstone and Silver Lake

Billionaire Steve Wynn’s Involvement

AppLovin is in talks with Steve Wynn, the founder of Wynn Resorts, about providing financial support for the deal. His involvement could increase the chances of government approval.

However, as reported by The Wall Street Journal, Wynn does not plan to join TikTok’s leadership, limiting himself to an investment role.

Government’s Response

President Trump has already reviewed one of the proposed deal options. He has also signed an executive order temporarily delaying the TikTok ban, leaving room for negotiations.