The Chinese government is considering a plan for Elon Musk to acquire TikTok's U.S. business, Bloomberg News reported Monday.

Summary

China is reportedly considering a plan for Elon Musk to acquire TikTok’s U.S. operations to avoid a potential ban, according to Bloomberg.

The move would satisfy a U.S. law requiring ByteDance to divest TikTok by Jan. 19 due to national security concerns.

If not resolved, U.S. service providers supporting TikTok could face penalties.

The plan, still preliminary, would have Musk oversee TikTok U.S. alongside X.

ByteDance’s awareness of the plan is unclear.

  • Corkyskog
    3·
    19 hours ago

    And Tiktokers are moving to RedNote lmao. It hit number one download on Apple I think recently.