Will Elon Musk Take Over TikTok USA? Chinese Officials Explore Potential Sale Over Ban Threat
As TikTok app risks encountering the risks of being banned in the United States through the Supreme Court, Chinese authorities have thought of selling the app’s branch in America to tech billionaire Elon Musk. The talks reported by Bloomberg on Monday emerged as TikTok deal with nationalist concern over its affiliations with Beijing-based ByteDance.
Beijing’s preference remains for ByteDance to own TikTok while adding Musk’s social media company x, also known as Twitter, as a suggested plan. The first talks outlined the possibility of joint management of the business, but have been reported by TikTok as nothing more than ‘fake news.’ Sad news are now awaiting the fate of the platform as Supreme Court seems ready to allow a law that requires the sale or the respective platform before 19th January.
The discussed discussions show that both Chinese and American stakeholders’ interests are connected in the sphere of social media. Some of the facets of ByteDance organization structure, which include a Chinese government-controlled ‘golden share’ has concerned the US legislators into believing that it allows Beijing extensive influence over the TikTok unlike what ByteDance has been asserting.
