In a surprising twist, billionaire entrepreneur Elon Musk, known for his high-profile acquisition of Twitter in 2022, is now being floated as a potential buyer for TikTok. The wildly popular social media platform is under threat of a U.S. ban unless its ownership shifts to an American company. The deadline to avoid the ban is set for July 19, and discussions are reportedly underway with Musk as a key player.
TikTok has faced mounting scrutiny in the United States due to concerns over national security, data privacy, and its ties to the Chinese government. A bipartisan bill to ban the app sailed through Congress, reflecting widespread unease over the platform’s operations under its current parent company, ByteDance. With the Chinese government holding significant influence over ByteDance, these fears have only intensified.
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Chinese Officials Eye Musk as a Buyer
According to a Bloomberg report citing unnamed sources, Chinese officials are considering Musk as a serious contender to acquire TikTok’s U.S. operations. The report suggests that the discussions remain in preliminary stages, and it is unclear if ByteDance or Musk are fully aware of these contingency plans.
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