Should the short-video app be unable to prevent a looming ban, Chinese officials are in initial discussions with billionaire Elon Musk about a possible option to sell TikTok’s US operations, according to Bloomberg News. The report estimates the value of TikTok’s US operations at between$ 40 billion and$ 50 billion.
Beijing leaders prefer that TikTok remains under the command of family Bytedance, the statement said, citing options.
According to the report, TikTok’s US procedures could either be sold through a dynamic process or an appeal by the government, which suggests that the app’s future is no longer only in ByteDance’s hands.
China’s state has a “golden discuss” in ByteDance, which many people of US Congress have said gives the state authority over Tiktok.
Under one circumstance, Musk’s social media platform X did take control of TikTok US and run the business up, the report said. According to Bloomberg News, there is still not compromise on how to proceed. TikTok has recently said that the govt’s play “has no bearing on ByteDance’s international activities outside of China, including TikTok”.
Musk, X, and China’s cybersecurity and government of banking are yet to post.
Over concerns about national protection and China, the US Supreme Court last week appeared to be inclined to support a law that would require the purchase or restrictions of TikTok in the US by January 19.
This is a Reuters ‘ account
