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After years of rejecting the idea of a sale of TikTok’s US assets to an American buyer in order to avert a ban, China and ByteDance may have found an owner they could live with: Elon Musk.
(Reuters) -Backers of China's Xiaohongshu are looking to sell a part of their stake to the likes of Tencent, among others, in a deal that could value the TikTok-rival at at least $20 billion ...
The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its ...
Chinese officials are reportedly discussing the possibility of Elon Musk buying out the American operations of TikTok, as the social network faces an impending ban in the U.S., according to Bloomberg.
Last week, the Supreme Court seemed inclined to uphold a law that would force a sale or ban TikTok in the U.S by Jan. 19, over national security concerns about China.
TikTok denied a report that China is looking at potentially facilitating a sale of the app to tech billionaire Elon Musk to keep TikTok operational in America amid a looming U.S. government ban.
Officials at TikTok said they could not be expected to comment on pure fiction when asked about rumors China was looking into having Elon Musk acquire the social media platform.
The scene outside the Supreme Court on Friday as justices heard oral arguments in a bid by TikTok and its China-based parent company, ByteDance, to block a law intended to force the sale of the ...