BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

China Considers Selling TikTok U.S. to Musk to Avert Ban

by Drop Gorn
January 14, 2025
in BUSINESS, TECHNOLOGY
Reading Time: 3 mins read
A A
2
SHARES
29
VIEWS
Share on XShare in TelegramShare on Reddit
  • Chinese officials are considering selling TikTok’s U.S. operations to Elon Musk’s X if a U.S. ban cannot be avoided.
  • ByteDance prefers to retain control of TikTok and has appealed to the U.S. Supreme Court to contest the ban.
  • The Supreme Court may enforce a sale or ban by January 19 due to national security concerns over TikTok’s Chinese ownership.

Chinese officials are reportedly exploring a scenario where TikTok’s U.S. operations might be sold to billionaire Elon Musk if the company can’t avoid a looming ban, according to Bloomberg News. This potential move, while still in early discussions, comes amid mounting national security concerns over the popular short-video app.

China’s Preference: Keep TikTok Under ByteDance

Despite the talks, Chinese authorities reportedly favor keeping TikTok under its parent company, ByteDance. The company itself is actively fighting the potential ban and has appealed to the U.S. Supreme Court, seeking to overturn the decision.

Interestingly, one option floated in the report suggests that Musk’s social media platform X (formerly Twitter) could partner with TikTok’s U.S. operations. Together, they would run the business. However, no firm decisions have been made, and discussions remain in the preliminary stages.

JUST IN: 🇨🇳 TikTok officials are considering selling TikTok US to Elon Musk, reports Bloomberg 👀 pic.twitter.com/uMJBTzXGwJ

— BlockNews (@blocknewsdotcom) January 14, 2025

Muted Responses from Key Players

TikTok has declined to comment on these reports, and Musk has not responded either. Likewise, representatives from X were unavailable for immediate comment. On the Chinese side, the Cyberspace Administration of China and the Ministry of Commerce, agencies that could play a key role in TikTok’s fate, have also remained silent.

The Supreme Court’s Role in TikTok’s Future

Last week, the U.S. Supreme Court showed signs of leaning toward upholding legislation that could either force TikTok’s sale or ban the app entirely within the United States. The Court’s decision is largely driven by concerns over national security risks tied to Chinese ownership. If enforced, TikTok would need to comply by January 19, leaving ByteDance limited options to retain control of its U.S. operations.

For now, TikTok’s future hangs in the balance, as global political and economic forces continue to shape its trajectory. Whether Musk becomes a surprising player in this saga or ByteDance retains control, the coming weeks will likely prove critical.

Tags: BloombergByteDanceElon MuskTikTokX
Tweet1ShareShare
Previous Post

Cardano’s Price Consolidation: A Pivotal Moment for ADA

Next Post

XRP Faces Resistance After Breakout Attempt

DON'T MISS THESE! HOT OFF THE PRESS

Coinbase Introduces ‘Coinbase Payments’ Bringing Gasless USDC Checkout to Shopify
BUSINESS

Coinbase Introduces ‘Coinbase Payments’ Bringing Gasless USDC Checkout to Shopify

June 18, 2025
Trump Mobile Debuts with $499 U.S.-Made Smartphone Plan
OPINION

Trump Mobile Debuts with $499 U.S.-Made Smartphone Plan

June 16, 2025
Michael Saylor Isn’t Sweating Quantum Threats to Bitcoin
BITCOIN

Michael Saylor Isn’t Sweating Quantum Threats to Bitcoin

June 11, 2025
Apple, Airbnb, and Google Eye Stablecoin Integration for Crypto Payments
BUSINESS

Apple, Airbnb, and Google Eye Stablecoin Integration for Crypto Payments

June 6, 2025
Avalanche and Filecoin Join Forces for Cross-Chain Data Bridge
CRYPTO

Avalanche and Filecoin Join Forces for Cross-Chain Data Bridge

May 28, 2025
Coinbase Faces $400M Loss After Insider-Fueled Data Breach: Should You Be Worried?
BUSINESS

Coinbase Faces $400M Loss After Insider-Fueled Data Breach: Should You Be Worried?

May 15, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.