Jan 14, 2025
China considers selling TikTok U.S. operations to Musk, Bloomberg reports
Posted by Kelvin Dafiaghor in categories: business, Elon Musk, government, internet, law
The Chinese government is considering a plan that would have Elon Musk acquire TikTok’s U.S. operations to keep the app from being effectively banned, Bloomberg News reported Monday.
The contingency plan is one of several options China is exploring as the U.S. Supreme Court determines whether to uphold a law that calls for China-based ByteDance to divest TikTok’s U.S. business by Jan. 19, the report said, citing anonymous sources.
After that deadline, third-party internet service providers would be penalized for supporting TikTok’s operations in the country.