Chinese authorities are considering selling the US division of TikTok to Elon Musk to avoid blocking the social network in the United States, Bloomberg reports citing sources familiar with the discussions.

Bloomberg learned of the discussion in China about the sale of TikTok to Elon Musk
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They say this is just one of the options Beijing is exploring ahead of the US Supreme Court’s decision on January 19. The court will overturn or uphold a law that forces China’s ByteDance to sell TikTok’s U.S. unit to a local investor. If the law remains in effect, the United States will be able to fine Internet providers who keep TikTok running for American users.

The scenario for selling the social network to Musk involves merging TikTok with the social network X (formerly Twitter) that he owns. However, it is unknown whether there were preliminary negotiations between Musk, TikTok and ByteDance, Bloomberg writes.

A TikTok spokesperson called Bloomberg’s story “pure fiction” when contacted by Variety. Musk and X have not yet commented on the possibility of buying the social network.

In April 2024, the US Senate passed a bill requiring ByteDance to sell TikTok’s US operations to a local investor. Otherwise, in 2025 the platform will be banned in the country. The Wall Street Journal wrote about private negotiations between TikTok CEO Shaw Tzu Chu and Elon Musk over his possible mediation in communications with the administration of US President-elect Donald Trump.

On Monday, January 13, Senator Edward Markey and Congressman Ro Khanna asked current President Joe Biden and the US Congress to postpone the deadline for the sale of TikTok’s US assets to a later date. According to the lawmakers, a ban on TikTok would destroy “a unique cultural and information ecosystem and drown out the voices of millions of people.” [американцев]”

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Author:

Mikhail Zelenin

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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