Bloomberg reports that Chinese officials are considering selling TikTok's US operations to Elon Musk to prevent a potential ban by the incoming Trump administration. The plan, which is still in its early stages, would see Musk's platform X (formerly Twitter) assume control of TikTok US. Chinese officials reportedly prefer that TikTok remain under the ownership of its parent company, ByteDance. The US Supreme Court has signaled its intention to uphold a ban on TikTok over national security concerns.
Chinese officials prefer that TikTok remains under ownership of parent ByteDance Ltd., Bloomberg reports, citing sources familiar with matter.Senior Chinese officials had already begun to debate contingency plans for TikTok/ Photo: AFP / Photo: AP
Chinese officials prefer that TikTok remains under the ownership of parent ByteDance Ltd., Bloomberg said, citing sourc es familiar with the matter.
TIKTOK ELON MUSK BYTEDANCE CHINA US BAN
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese Government Considers Elon Musk Acquisition of TikTok's US BusinessIn a surprising development, the Chinese government is reportedly exploring a plan for Elon Musk to acquire TikTok's US operations amidst the ongoing legal battle surrounding the app's fate in the United States. This contingency plan is being considered as the US Supreme Court prepares to rule on a law that could effectively ban TikTok in the country. The report, citing anonymous sources, details how the Chinese government is evaluating several options for TikTok's future in the US. One such option involves Musk overseeing both X, the social media platform he currently owns, and TikTok's US business. However, the report emphasizes that this plan remains preliminary and Chinese officials have yet to make a final decision. The involvement of ByteDance, TikTok's parent company, and Musk in these discussions remains unclear. This news emerges as the US Supreme Court reviews a law passed in April that requires ByteDance to divest TikTok's US operations by January 19th. The court's decision is expected to have a significant impact on TikTok's future in the United States.
Read more »
Chinese Officials Mull Selling TikTok US Operations to Elon Musk Amidst Potenial BanChinese officials are weighing a sale of TikTok's U.S. operations to Elon Musk as a potential solution if the social media platform faces a ban by U.S. authorities. The report follows increasing pressure on TikTok, with concerns over data collection and national security leading to a potential U.S. ban.
Read more »
China Plans Musk TikTok Acquisition as US Ban LoomsBloomberg News reports that the Chinese government is considering a plan for Elon Musk to acquire TikTok's U.S. business as a contingency if a law banning TikTok in the U.S. is upheld by the Supreme Court. The plan involves Musk overseeing both X (formerly Twitter) and TikTok's U.S. operations. Chinese officials haven't decided on this plan yet, and it's unclear if ByteDance or Musk are aware of it.
Read more »
TikTok US Operations Could Be Sold to Elon Musk If Ban EnactedBloomberg News reports that Chinese officials are considering selling TikTok's US operations to Elon Musk if the app faces a potential ban in the US. Chinese officials prefer for TikTok to remain under Bytedance's control, but are exploring options if the company loses its appeal to the US Supreme Court. Under one scenario, Musk's platform X would manage TikTok US.
Read more »
TikTok Accused of Acting as Chinese Propaganda MachineA new study from Rutgers University claims TikTok favors pro-CCP content and downplays criticism of the Chinese government.
Read more »
TikTok: A Trojan Horse for the Chinese Communist PartyThis article argues that TikTok, a popular social media platform owned by the Chinese company ByteDance, poses a serious security threat to the United States.
Read more »