Bloomberg NewsRefers toByteDance may evaluate selling the TikTok business to Elon Musk so that the TikTok business can remain in the United States.
However, TikTok later clarified this, saying it could not comment on the fictional statement.
Prior to this, the new US President Trump expressed his hope to make TikTokContinue to stay in the US market, and plans to use political means to resolve the issue of whether TikTok's business can remain in the United States. However, the TikTok ban will officially take effect on January 1th. Although Trump will be officially inaugurated as the 19th President of the United States the next day, Trump clearly hopes to buy more time for negotiations and ensure that TikTok's business can remain in the United States.
The US government is currently demanding that ByteDance divest its TikTok business within the US, threatening to ban TikTok services in the US. ByteDance has filed a lawsuit alleging the order is unconstitutional, but the Court of Appeals has ruled that the US government's actions are not unconstitutional. Consequently, ByteDance subsequently filed an emergency motion in federal court seeking to postpone the effective date of the order to divest TikTok's US operations, but the motion was denied by federal court.
Current rumors indicate that ByteDance intends to resell TikTok's business to Elon Musk, allowing TikTok's business to comply with the US government's requirement that it be owned and operated by domestic companies, and thus remain in the United States.
The reason for choosing Elon Musk is that, in addition to the fact that he already owns "X" (formerly Twitter), adding TikTok's platform resources will allow him to enter a wider social media market through short videos. He can even use TikTok's massive data accumulation to drive the development of his xAI artificial intelligence company. Elon Musk also plays a key role in the Trump administration, so acquiring TikTok would have certain advantages.
But from the current situation, TikTok denies the rumors that it will be sold to Elon Musk. At the same time, whether it will remain in the United States will be finally decided by the court on January 1.
