China considers selling TikTok U.S. operations to Musk, Bloomberg reports
KEY POINTS
- The Chinese government is considering a plan for Elon Musk to acquire TikTok's U.S. business, Bloomberg News reported on 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 could effectively ban TikTok in the U.S., the report said.
- A TikTok spokesperson said in an email to CNBC, "We can't be expected to comment on pure fiction."
Jakub Porzycki | Nurphoto | Getty Images
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 on 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.
https://www.cnbc.com/2025/01/13/china-considers-selling-tiktok-us-operations-to-musk-bloomberg-.html
