Elon Musk Could Buy TikTok As China Reportedly Eyes Deal
The world’s richest person Elon Musk would likely be looking at a price tag similar to what he paid for Twitter if a deal materializes to buy the American operations of TikTok, according to one well-known analyst covering Musk--as China reportedly mulls allowing a sale to Musk to prevent an all-out U.
Can Elon Musk really save TikTok?
Chinese officials are reportedly exploring a backup plan for TikTok after the Supreme Court appeared unlikely to save it from a US ban. With TikTok’s legal options nearly exhausted, multiple news outlets are reporting that China is considering an option it previously said it wouldn’t: letting ByteDance sell the app.
ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.
A 2024 law ruled that the Chinese-based app must sell to an American company or be permanently banned in the U.S. That ...
The lawsuit marks the latest salvo in a years-old feud between the SEC and Musk, who has become one of the regulator's ...
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