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China pondering chance of Musk buying TikTok in US: report

The Chinese government is exploring the potential of selling controlled parts of TikTok in the country to Elon Musk,

China pondering chance of Musk buying TikTok in US: report

The Chinese government is exploring the potential of selling controlled parts of TikTok in the country to Elon Musk, the billionaire owner of its much-discussed U.S. share rather than a ban.

Chinese officials have engaged in early conversations over a potential sale of the social-media service in the US to Elon Musk in the event its application cannot evade a U.S. ban, Bloomberg had said on Monday citing people privy to the offer. 

China would rather see the app continue under ByteDance than go up for sale. It added that it had been told this by some of the informed sources.

Based on this report, the US business of TikTok was proposed that it could possibly either be auctioned off or end up being sold to the highest bidder or perhaps handed over directly by the US government-specifically piece by piece depending on future operating conditions such as better filtering, security assurances, integration into family-protected brands, and closer scrutiny of social media policy as determined for applications by assessing them before being allowed for legal use.

The nature of the report that has been circulating is indeed right and true: China has a so-called ‘golden share’ in ByteDance to exercise influence concerning TikTok, according to several members in Congress.

According to the report, Tesla Motor’s CEO is considering the possibility that his company introduce a social media platform named “X” that could control and share ownership of TikTok U.S. Among officials quoted in the Bloomberg news, the report mentioned that they still haven’t arrived at a decision on what to do.

“That was a farce that has not answered,” said a TikTok spokesperson, responding to the report.

How much ByteDance knows about the conversational uproar and the Musk-TikTok event will need to be tied together; ByteDance and Musk’s companies have yet to disclose whether and to what extent conversations have been started by the companies for some form of a business transaction. 

The state of affairs outlined above shows that all repetitive dialogues can in no way matter in terms of TikTok, and now they summarize the following sentence above for use and utilize it as a reference on their debates, which is the only way communication between reporter and site source can be said to have taken place.

Elon Musk did not immediately respond to a request before reading a message sent to reply. 

Last week, the Supreme Court leaned toward letting the law stand-forcing one to sell TikTok by January 19 or face the prohibition in some use cases for protection against China.

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