Chinese officials are reportedly exploring a potential deal with Elon Musk for the acquisition of TikTok's US operations if the app faces a ban in the country. While the Chinese government prefers TikTok remain under ByteDance's ownership, discussions are underway with Musk as a potential buyer due to his close ties with the incoming Trump administration.
Chinese officials are exploring a potential scenario where Elon Musk acquires TikTok's US operations if the popular video-sharing app faces a ban in the United States. While Beijing strongly prefers TikTok remaining under the ownership of its parent company, ByteDance, officials are aware of the growing threat of a ban and are considering contingency plans.
According to sources familiar with the matter, these discussions have centered around Musk as a potential buyer, given his close ties to the incoming Trump administration. The Chinese government sees a potential high-profile deal with one of Trump's closest allies as advantageous. Musk has been a significant financial supporter of Trump's re-election campaign and is expected to play a key role in improving government efficiency under the new administration. One proposed scenario involves Musk's X, formerly known as Twitter, taking control of TikTok US and merging operations. This deal could also benefit Musk's separate artificial intelligence company, xAI, which could leverage TikTok's vast data reserves. However, it's crucial to note that these discussions are preliminary, and Chinese officials have yet to reach a definitive consensus on the best course of action. The extent to which ByteDance is aware of these discussions and whether TikTok and Musk have engaged in any talks regarding a potential deal remains unclear. The potential sale of TikTok's US operations presents a complex web of legal, financial, and political considerations. It's uncertain how ByteDance would navigate the separation of its US business, the potential valuation of TikTok US, and the regulatory approval process required for such a significant transaction
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