Chinese officials are reportedly exploring a backup plan for TikTok after the Supreme Court appeared unlikely to save it from a US ban. With TikTok’s legal options nearly exhausted, multiple news outlets are reporting that China is considering an option it previously said it wouldn’t: letting ByteDance sell the app.
The kicker? China is reportedly mulling having President-elect Donald Trump’s favorite tech billionaire, Elon Musk, act either as broker or buyer in the arrangement. Reports from the Financial Times, Wall Street Journal and Bloomberg — all citing unnamed sources — indicate that Chinese officials are at least discussing the option of a sale. TikTok spokesperson Michael Hughes has called the reports “pure fiction.” The Chinese embassy in the US and Musk’s existing social media company, X, did not respond to requests for comment.
Plenty of people have expressed interest in buying TikTok at this point, from ”Shark Tank” celebrity Kevin O’Leary to YouTuber Mr. Beast. The problem has not been a lack of buyers — though obvious ones like Meta and Google would likely be barred by antirust authorities — but reluctant sellers. The new reporting suggests that the Chinese…