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TikTok denies sale to Elon Musk amid US lawsuit
TikTok has rejected a report suggesting that China may consider selling its United States operations to Elon Musk, calling it “pure fiction.”
The claim, first reported by Bloomberg, indicated that Chinese officials might allow the sale if the US Supreme Court upholds a ban on the app.
This information was attributed to unnamed sources familiar with the discussions.
The US Supreme Court is currently reviewing a case that could either uphold a ban on TikTok in the US or require the company to divest its US operations to an American company.
TikTok has reiterated that it will not sell its US operations, maintaining its position amid the ongoing discussions surrounding the app’s future.
Recent TikTok developments
| Timeline |
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10-Jan-2025 💰 TikTok Shop rival Whatnot raises $265m, valued at $4.97b
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07-Jan-2025 🛍️ TikTok Shop reaches $32.6b GMV in 2024
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18-Dec-2024 ⚖️ TikTok appeals US Supreme Court to block potential ban
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17-Dec-2024 🇺🇸 TikTok CEO meets Trump amid US ban deadline
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| 17-Dec-2024 ⚖️ TikTok appeals to US Supreme Court to avoid ban |
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