The US government passed a law last year that requires TikTok's ByteDance to either sell the wildly popular platform or shut it down. It goes into effect Jan 19 – a day before President-elect Donald Trump takes office. — Reuters
NEW YORK: Chinese officials are exploring a potential sale of US TikTok operations to billionaire Elon Musk as the video-sharing platform faces an American law requiring imminent Chinese divestment, Bloomberg News reported on Jan 13.
The report, citing anonymous people familiar with the matter, outlined one scenario being discussed in Beijing where Musk's social media company X would purchase TikTok from Chinese owner ByteDance and combine it into the platform formerly known as Twitter.
