China contemplating promoting TikTok US to Elon Musk to keep away from potential ban: Report

Chinese language officers are mulling a possible choice that includes the sale of TikTok’s US operations to billionaire Elon Musk if the corporate fails to fend off a possible ban, Bloomberg Information reported on Monday, citing folks conversant in the matter.

Chinese language officers favor that TikTok stay underneath the management of mum or dad Bytedance, the report stated, including that the corporate is contesting the ban with an enchantment to the US Supreme Court docket.

Below one state of affairs, Musk’s social media platform X would take management of TikTok US and run the enterprise collectively, the report stated, including that the Chinese language officers have but to achieve any agency consensus about how one can proceed and their deliberations are nonetheless preliminary.

TikTok declined to remark, whereas Musk didn’t instantly reply to a request for remark. X couldn’t instantly be reached for a remark.

The Our on-line world Administration of China and China’s Ministry of Commerce, authorities businesses that may very well be concerned in choices about TikTok’s future, couldn’t be instantly reached for remark.

Final week, the Supreme Court docket appeared inclined to uphold a regulation that may drive a sale or ban of the favored short-video app TikTok in america by January 19, with the justices specializing in the nationwide safety issues about China that prompted the crackdown.