Link copied
China Discusses Sale of TikTok US to Musk as One Possible Option
watchlist :: 2025-01-14 :: source - bloomberg
By Bloomberg News
The TikTok applicationPhotographer: Brendon Thorne/Bloomberg
Chinese officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter.
Beijing officials strongly prefer that TikTok remains under the ownership of parent ByteDance Ltd., the people say, and the company is contesting the impending ban with an appeal to the US Supreme Court. But the justices signaled during arguments on Jan. 10 that they are likely to uphold the law. Senior Chinese officials had already begun to debate contingency plans for TikTok as part of an expansive discussion on how to work with Donald Trump’s administration, one of which involves Musk, said the people, asking not to be identified revealing confidential discussions..Read more
More stories
Why the S&P 500 looks increasingly vulnerable to a correction this year, according to Goldman Sachs
Bitcoin clears another record: Is this a good time to invest ?
10 best high-yield savings accounts for January 2025: up to 4.75% APY
This week top market trends.
-
China's Central Bank Buys More Gold as Prices Trade Near Record
2025-01-07 :: general :: bloomberg -
Dogecoin ETF Registered as Elon Musk’s D.O.G.E Gains Traction
2025-01-23 :: crypto :: coindesk -
TSMC logs record quarterly profit, sees hefty revenue growth in early 2025
2025-01-16 :: stock :: reuters -
DeepSeek sparks AI stock selloff. Nvidia posts record market-cap loss
2025-01-28 :: stock :: reuters -
Dollar dips towards one-week low as market ponders proposed Trump tariffs
2025-01-07 :: foreign exchange :: reuters
Recent global market news
-
Why Goldman Sachs Analysts See Risk Of A Massive 30% Correction In The Stock Market In 2025
2025-01-23 :: :: benzinga -
Nvidia and the market's favorite tech darlings are getting crushed by DeepSeek's AI push
11hrs ago :: :: business insider
