Steve Wynn, the former CEO of Wynn Resorts Ltd., has been approached to potentially finance a bid by AppLovin, a mobile technology company based in Palo Alto, California, to acquire TikTok. This interest comes amidst a deadline for TikTok to be sold or face shutdown due to U.S. government concerns.
AppLovin is one of several companies attempting to purchase the popular social media platform. Among the other interested parties are Oracle, a cloud computing company from Austin, Texas, and Amazon. The situation has drawn significant attention due to its implications for U.S.-China relations and national security concerns.
President Donald Trump was expected to be updated on the potential buyers for TikTok, with Vice President JD Vance, Commerce Secretary Howard Lutnick, national security adviser Mike Waltz, and Director of National Intelligence Tulsi Gabbard scheduled to discuss the matter with him. The sale of TikTok is part of broader negotiations between the U.S. and China, which include issues like tariffs.
Steve Wynn, who resides in Florida, has not commented on these reports. He previously stepped down from his role at Wynn Resorts in 2018 amid allegations of sexual misconduct, which he has denied. Wynn has expressed a desire to stay out of the public eye but remains involved in legal battles, including a libel case with The Associated Press.
