China Discusses Sale of TikTok US to Musk as One Possible Option
Posted: Jan 14, 2025
- Chinese officials are considering Elon Musk acquiring the US operations of TikTok if ByteDance fails to prevent a ban
- Musk's X may take control of TikTok US, potentially benefiting from TikTok's user base and data
- TikTok's US operations could be valued at around $40-50 billion
- There is uncertainty over whether Musk could pull off such a transaction, and whether US government approval would be necessary
- Musk has a positive reputation among ByteDance employees in China
- Alternative bidders, such as Frank McCourt and Kevin O'Leary through Project Liberty, have expressed interest in acquiring TikTok
- One possibility for TikTok could be moving existing US customers to a similar app under different branding
- Musk, as the world's richest person, has the potential to influence the China-US relationship
- Musk has criticized some of China's recent trade policies, despite expanding Tesla's presence in China
- Chinese officials are considering options for Elon Musk to acquire the US operations of TikTok if ByteDance fails to fight off a ban
- ByteDance wants to keep TikTok under its ownership and is appealing to the US Supreme Court
- There is a discussion on how to work with the Trump administration, with one option involving Musk and TikTok acquisition
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