The Chinese government is considering a plan for Elon Musk to acquire TikTok's U.S. business, Bloomberg News reported on Monday.
After that deadline, third-party Internet service providers would be penalized for supporting TikTok's operations in the country.Under the plan, Musk would oversee both X, which he currently owns, and TikTok's U.S. business, Bloomberg said. However, Chinese government officials haven't yet decided on whether it would proceed, the report said, noting that the plan is still preliminary.
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China Plans Musk TikTok Acquisition as US Ban LoomsBloomberg News reports that the Chinese government is considering a plan for Elon Musk to acquire TikTok's U.S. business as a contingency if a law banning TikTok in the U.S. is upheld by the Supreme Court. The plan involves Musk overseeing both X (formerly Twitter) and TikTok's U.S. operations. Chinese officials haven't decided on this plan yet, and it's unclear if ByteDance or Musk are aware of it.
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China Considers Musk-Led TikTok Acquisition as US Ban LoomsChina is exploring various options, including a plan for Elon Musk to acquire TikTok's US operations, in response to a potential US ban. The Chinese government is assessing its strategies as the US Supreme Court weighs the legality of a law that could force ByteDance to sell TikTok's US business.
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Chinese Government Considers Elon Musk Acquisition of TikTok's US BusinessIn a surprising development, the Chinese government is reportedly exploring a plan for Elon Musk to acquire TikTok's US operations amidst the ongoing legal battle surrounding the app's fate in the United States. This contingency plan is being considered as the US Supreme Court prepares to rule on a law that could effectively ban TikTok in the country. The report, citing anonymous sources, details how the Chinese government is evaluating several options for TikTok's future in the US. One such option involves Musk overseeing both X, the social media platform he currently owns, and TikTok's US business. However, the report emphasizes that this plan remains preliminary and Chinese officials have yet to make a final decision. The involvement of ByteDance, TikTok's parent company, and Musk in these discussions remains unclear. This news emerges as the US Supreme Court reviews a law passed in April that requires ByteDance to divest TikTok's US operations by January 19th. The court's decision is expected to have a significant impact on TikTok's future in the United States.
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