China Explores TikTok Sale Amid US Ban

Amid talks of a potential U.S. ban on TikTok, Chinese officials are considering selling the app's U.S. operations to Elon Musk, with negotiations suggesting a possible partnership with his social media platform X. The looming ban, driven by national security concerns, has prompted various investors and companies, including Musk and YouTuber MrBeast, to express interest in acquiring TikTok to prevent its shutdown. Analysts believe Musk's acquisition could be valued between $40 and $50 billion, and his connections with former President Donald Trump may facilitate a deal. Dan Ives from Wedbush Securities noted that the geopolitical complexities might lead to negotiations rather than an outright ban. TikTok has denied the validity of the sale talks, emphasizing that the Chinese government’s stake does not influence its global operations. Meanwhile, the Supreme Court's recent ruling has heightened the urgency for a resolution before the January 19 deadline.