As per sources, Chinese authorities have reportedly contemplated the possiblity of Elon Musk taking over the US division of TikTok, provided the law prohibiting the app in the region concatenates on January 19.
Bloomberg divulged that, while China would favor TikTok remaining under ByteDance’s control, officials are not oblivious to the idea of selling to Musk, harmonizing with the incoming administration of president Donald Trump. The intended maneuver would result in Musk’s X bracing TikTok US, subsequently drawing in TikTok’s 170 million American user base and potential ad revenue billions deep.
The narrative, however, has been branded “pure fiction” by a TikTok representative in a statement shared with Variety.
According to the report, it remains ambiguous as to how knowledgeable ByteDance and TikTok are about China’s alleged discussions for a Musk takeover. The detail could be emphasizing the alleged influence of China over the platform, which initially sparked the law.
Original source: Read the full article on TechCrunch
