Elon Musk, China and TikTok
Reports about Chinese officials eyeing Musk as the buyer of TikTok’s U.S. operations are “not a total shock” given Musk’s relationship with Trump, says Wedbush analyst Dan Ives.
Musk acquired X (then Twitter) in October 2022 after a highly publicized back and forth, in which he gave up on the acquisition midway but ultimately closed the deal, paying $44 billion for the platform. X's user base has been on a decline since the acquisition, and advertising revenues have plummeted.
Chinese officials reportedly want ByteDance Ltd. to remain the owners of TikTok but is in discussion on how to work with the Trump Administration.
A representative for TikTok has denied a report claiming that China was working on selling the app to Elon Musk to keep it operational in the United States. On Monday, Bloomberg reported that Chinese officials were “evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok” and that the Chinese government had discussed the option of Musk’s social media app X taking “control of TikTok US” and running
Chinese officials are looking into selling the U.S. operations of TikTok to Elon Musk if the social media firm ultimately gets banned here, according to reports.
TikTok denied a report that China is exploring a sale of the app to Elon Musk to keep TikTok operational in America amid a looming U.S. ban.
Americans are going to lose access to TikTok in less than a week, unless China green-lights a sale to what Congress has deemed a non-adversary of the United States — something China is unlikely to do but might.
TikTok’s time will expire on Jan. 19 if no buyer is found or the Supreme Court rules in the app’s favor. Here’s what to know.
Chinese officials are evaluating a potential option that involves Elon Musk acquiring the U.S. operations if TikTok fails to fend off a controversial ban.
Chinese government officials are reportedly mulling selling TikTok's US operations to Elon Musk to avoid a complete ban in the country.
Beijing officials preparing options for after Donald Trump’s inauguration have examined possible openness to a deal for TikTok’s U.S. operations with the owner of X.