TLDR · BIG TECH & STARTUPS
CHINA DISCUSSES SALE OF TIKTOK US TO MUSK AS ONE POSSIBLE OPTION
Summary from the TLDR newsletter
Chinese officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok. The plan involves X taking control of the platform and running the businesses together. It is unclear whether Musk, TikTok, or ByteDance have held any talks about the terms of any possible deal. TikTok may no longer be in ByteDance's sole control. Chinese officials recognize that they will face tough negotiations with the Trump administration, so they see the TikTok negotiations as a potential area for reconciliation.