tirsdag 14. januar 2025

Why China may be OK with TikTok selling to Elon Musk

After previously opposing the idea of a TikTok sale to avert a looming ban, the Chinese government may have found an owner it could live with: Elon Musk. Chinese officials – who are expected to have some say over whether and how TikTok’s US assets could be sold to an American buyer – are discussing a possible option that involves selling at least a portion of the US version of the app to Musk’s X, according to reports from Bloomberg and the Wall Street Journal. CNN has not independently confirmed the discussions.

The discussions would mark a stark reversal in China’s stance on a TikTok sale just days before the law that could ban the app in the United States is set to go into effect. To avoid a ban, the law would permit TikTok’s parent company ByteDance to sell to a US-based owner.