In order to avoid banning the United States, the social network TikTok could be sold to Elon Musk, already owner of X (Twitter). According to sources, China is considering it as one of its options.
The relationship between the Chinese social network TikTok and the United States is complex. Uncle Sam’s country does not hold the application in its heart and fears in particular that it will endanger its security by spying on Americans. A law was finally passed to ban TikTok nationwide, knowing that several states had already taken the lead.
To avoid this, one option is being considered: selling TikTok US to a local company, for example Microsoft. Since the idea was put forward, few potential buyers have been talked about. But according to sources close to the matter, a known name surfaced during discussions between members of the Chinese government: that ofElon Musk. The billionaire would indeed be tipped to take the reins of TikTok in the United States if no other solution is found.
China reportedly considering selling TikTok to Elon Musk to avoid US ban
Pour ByteDancethe parent company of the social network, there is nothing to say: “We cannot be expected to comment on pure fiction,” says a spokesperson. The value of TikTok US is estimated between 40 and 50 billion dollarswhich gives an idea of the price at which the branch could be sold. As a reminder, Elon Musk bought Twitter for $44 billion in 2022 and has since continued to repay significant loans.
Read also – TikTok allegedly cheated with French taxes, a tax audit is underway
The ban on TikTok in the United States is set to take effect on January 19, 2025, one day before TikTok takes office. Donald Trump at the White House. The re-elected president has already indicated that he wishes to delay the procedure in order to find an amicable arrangement. For its part, the Chinese government favors its outright cancellation. He insists that it is contrary to the 1st amendment of the American constitution, the one which guarantees freedom of expression.
Source : Bloomberg
