Going through a possible ban within the US, the Chinese language authorities is reportedly exploring varied choices for TikTok’s future, together with the potential of promoting the social video platform to Elon Musk, in keeping with Bloomberg.
The Chinese language authorities, which holds a big stake in TikTok, has lengthy been unwilling to promote the platform and nonetheless prefers to not. Nonetheless, if the US Supreme Courtroom upholds a ban requiring TikTok’s Chinese language guardian firm, ByteDance, to divest—an consequence many consultants anticipate—the Chinese language authorities might contemplate promoting TikTok to Elon Musk. Bloomberg experiences this might function a “potential space for reconciliation” with the Trump administration amid upcoming negotiations on tariffs, exports, and different points.
Below this situation, Musk’s X would take management of TikTok’s US operations. Such a deal would possible be valued at between $40 and $50 billion.
It’s essential to not that this all of this appears very preliminary, as discussions have largely been restricted to the higher echelons of the Chinese language authorities. It’s not clear whether or not Musk himself has been approached concerning the potential deal, although he beforehand expressed his assist for TikTok remaining accessible within the US.
For its half, TikTok has denied that such a deal is on the desk, calling the Bloomberg report “pure fiction.”