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

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.

  • @[email protected]
    3•2 days ago

    If true, this is so incredibly dystopian.

    Maybe the Chinese govt thinks Musk will be some combination of cooperative, and that his ownership will generally undermine the US, especially in respect to issues they’re interested in.