The report estimated the value of TikTok's US operations at between $40 and $50 billion.
NEW YORK - Chinese officials are exploring a potential sale of US TikTok operations to billionaire Elon Musk as the video-sharing platform faces an American law requiring imminent Chinese divestment, Bloomberg News reported Monday.
The US government passed a law last year that requires TikTok's ByteDance to either sell the wildly popular platform or shut it down. It goes into effect Sunday -- a day before President-elect Donald Trump takes office. TikTok has challenged the law, taking an appeal all the way to the US Supreme Court, which heard oral arguments on Friday.
Bloomberg characterized Beijing's consideration of a possible Musk transaction as"still preliminary," noting that Chinese officials have yet to reach a consensus on how to proceed.TikTok did not immediately respond to an AFP request for comment, but a representative was cited by Variety as saying:"We can't be expected to comment on pure fiction."
Ewn News News Eyewitness News Eye Witness News Latest News News Today Ewn South Africa Ewn-News Primedia+ Primedia Plus Prime Media Plus
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Rules Out Musk as President, Citing BirthplaceDonald Trump dismissed the idea of Elon Musk becoming president, stating that Musk's birth in South Africa disqualifies him under US citizenship rules. Trump was responding to criticism from Democrats who have labeled Musk as 'President Musk' due to his significant influence in the incoming administration.
Read more »
Maths Teacher Uses Chanting and Dance to Engage Matriculants in TikTok VideoA TikTok video of a maths teacher shows one way she engaged her matric class. She chanted with her students and impressed viewers with her dedication.
Read more »
Private Pilot Flies Out of Town for Nando’s, SA Floored by Flex in TikTok VideoA private pilot showed the perks of her job that she can enjoy spontaneously. The lady had a Nando’s craving and flew to another town to get the treat.
Read more »
TikTok's Impact on South Africa in 2024: From Health Education to Global StardomTikTok's influence in South Africa extends beyond entertainment, shaping economic, social, and cultural landscapes. The platform has become a hub for creators tackling diverse issues, including global health education, combating misinformation, and showcasing artistic talent. South African creators like Dr Siya and Tyla have gained international recognition, demonstrating TikTok's power to launch careers and amplify voices. The platform also fostered community engagement through campaigns like TikTokforGood and events like Afcon2024, highlighting Africa's rich culture and promoting social causes.
Read more »
Master's Graduate's TikTok Video Goes ViralA recent graduate from Wits University's Software Engineering program shared his joy on TikTok after receiving his Master's degree with distinction. His video, showing the moment he walked across the stage and celebrated with a loved one, went viral. The graduate also won the Best Computer Science Paper award at the SAICSIT 2023 Conference for his groundbreaking research on a Python-based static analysis tool.
Read more »
“I’m So Jealous”: SA Moved by Cute Father-Daughter Relationship in Viral TikTok VideoSouth Africans were wowed by a cute father-daughter moment in a now-viral TikTok video where the dad shared a kiss with his daughter and melted hearts.
Read more »