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China Considers Musk’s X to Acquire TikTok U.S. Operations

Yuki by Yuki
18/01/2025
in Futures News
China Considers Musk’s X to Acquire TikTok U.S. Operations
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Chinese officials are reportedly considering a potential sale of TikTok’s U.S. operations to billionaire Elon Musk in the event the company is unable to prevent a looming ban.

While the Chinese government favors TikTok remaining under the control of its parent company, ByteDance, it is actively contesting the ban in U.S. courts, including an appeal to the U.S. Supreme Court.

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One potential scenario being deliberated involves Musk’s social media platform, X, taking over TikTok’s U.S. business, with the two companies operating in tandem. However, the report notes that no final decision has been made, as discussions are still in the early stages.

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Both TikTok and Musk have refrained from commenting on the matter, and X did not immediately respond to a request for clarification. Additionally, the Cyberspace Administration of China and the Ministry of Commerce, key Chinese government bodies that may play a role in TikTok’s future, could not be reached for comment.

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The U.S. Supreme Court recently signaled its intention to uphold a law that could force TikTok’s sale or a potential ban in the United States by January 19. Justices have focused on national security concerns linked to the app’s Chinese ownership, which has fueled the ongoing crackdown.

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