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China considers selling TikTok U.S. operations to Musk, Bloomberg reports

www.cnbc.com China considers selling TikTok U.S. operations to Musk, Bloomberg reports

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

China considers selling TikTok U.S. operations to Musk, Bloomberg reports

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.

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