ByteDance Is Considering Selling TikTok US To Elon Musk

As the ban on TikTok in the United States seems increasingly likely, a surprising new development is emerging. ByteDance is reportedly considering Elon Musk as a potential buyer of the app’s American operations. More details below!

https://twitter.com/elonmusk/status/1781387457193230338

Elon Musk ready to buy TikTok US to avoid the ban

It has been several months that the platform TikTok has been facing a turmoil in the United States. The Trump administration has expressed concerns about:

• data collection by ByteDance, the parent company of TikTok;
• its ties with China.

In response, American lawmakers have passed a law requiring that:

• ByteDance sell its American operations,
• the app be banned in the United States.

This situation has thus opened the door to a potential acquisition by Elon Musk. According to rumors, the CEO of Twitter could buy TikTok for an estimated sum between 40 and 50 billion dollars.

Certainly, the deal has not yet been confirmed. However, some sources claim that the Chinese government is considering this option as a solution to avoid a simple and outright ban on TikTok in the United States.

In March 2023, American lawmakers had already warned about the possibility that the app could be used to monitor American users. This has fueled pressure on ByteDance. However, Elon Musk himself stated that he was against the ban on TikTok. According to him, this would go against freedom of speech.

TikTok and X merger: a winning strategy for Elon Musk?

The possible merger between X (formerly Twitter) and TikTok could be an innovative strategy on Musk’s part. If the acquisition materializes, it would indeed give X immediate access to:

• a vast user base,
• diverse video content.

These are two key elements to remain competitive against other giants like Instagram and YouTube.

The representative of TikTok referred to this rumor as “pure fiction”. Moreover, no official discussions have been confirmed.

The fate of TikTok in the United States therefore remains uncertain. If the ban materializes, the acquisition by Elon Musk could disrupt the ecosystem of social networks. File to be followed…