Chinese language officers are mulling a possible choice that includes the sale of TikTok’s US operations to billionaire Elon Musk if the corporate fails to fend off a possible ban, Bloomberg Information reported on Monday, citing individuals accustomed to the matter.
Chinese language officers desire that TikTok stay beneath the management of mum or dad Bytedance, the report mentioned, including that the corporate is contesting the ban with an enchantment to the US Supreme Court docket.
Underneath one situation, Musk’s social media platform X would take management of TikTok US and run the enterprise collectively, the report mentioned, including that the Chinese language officers have but to succeed in any agency consensus about find out how to proceed and their deliberations are nonetheless preliminary.
TikTok declined to remark, whereas Musk didn’t instantly reply to a request for remark. X couldn’t instantly be reached for a remark.
The Our on-line world Administration of China and China’s Ministry of Commerce, authorities companies that may very well be concerned in selections about TikTok’s future, couldn’t be instantly reached for remark.
Final week, the Supreme Court docket appeared inclined to uphold a regulation that might drive a sale or ban of the favored short-video app TikTok in america by Jan. 19, with the justices specializing in the nationwide safety issues about China that prompted the crackdown.
