China is reportedly exploring the possibility of selling TikTok’s US operations to billionaire Elon Musk. This development comes as the US Supreme Court is set to rule on the app’s ban on January 19.¹
Key Details:
- The sale is being considered as a contingency plan if the US Supreme Court upholds the ban.
- Beijing officials prefer TikTok to remain under the ownership of its parent company, ByteDance Ltd.
- Musk’s acquisition of TikTok’s US operations would give him control over the app’s 170 million American users and potential ad revenue.
Background:
- The US government has expressed concerns over TikTok’s ties to the Chinese government, citing national security risks.
- President Joe Biden signed legislation requiring ByteDance to sell TikTok or face a ban.
- The ban, scheduled for January 19, would prevent new downloads, and existing users would eventually lose access to the app.
Source: Nairametrics
