Buying TikTok would further solidify Musk's position as one of the most powerful men in the U.S. and the world.
TikTok has dismissed reports suggesting Chinese officials are considering selling the platform's U.S. operations to billionaire Elon Musk as 'pure fiction.'Bloomberg and The Wall Street Journal, citing people familiar with the discussions, reported early Tuesday that senior Chinese officials were discussing a potential sale to the world's richest man if TikTok is unable to avoid a U.S. ban scheduled to take effect on Sunday.
What To KnowBloomberg reported Tuesday that the Chinese government, which has a controlling 'Golden Share' in the app's parent company ByteDance, would strongly prefer the company retain control of TikTok but is exploring alternatives, including a possible sale to Musk, as part of ongoing discussions about how to respond to the potential U.S. ban.One scenario allegedly under discussion involves Musk's X platform taking control of TikTok's U.S.
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