In a dramatic twist, Chinese officials are reportedly considering a bold move to sell TikTok’s U.S. operations to billionaire Elon Musk. This potential sale comes as the video-sharing platform faces mounting pressure from a U.S. law demanding that its Chinese owner, ByteDance, divest from the app or face a shutdown.
Bloomberg News reported that discussions in Beijing are exploring the possibility of Musk’s social media platform, X (formerly Twitter), acquiring TikTok’s U.S. assets, a deal valued between $40 billion and $50 billion. While Musk is the world’s wealthiest individual, the logistics of financing such a deal remain unclear, leaving questions about whether he would need to sell other assets to facilitate the purchase.
The U.S. government passed a law last year requiring ByteDance to either sell TikTok or shut it down, citing national security concerns. TikTok has vehemently denied these claims, but the pressure continues to mount as the deadline approaches.
