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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
10-Jan-2025 💰 TikTok Shop rival Whatnot raises $265m, valued at $4.97b
  • Whatnot raises $265M; valuation hits $4.97B
  • Plans to expand internationally and hire more engineers
07-Jan-2025 🛍️ TikTok Shop reaches $32.6b GMV in 2024
  • TikTok Shop’s GMV reached $32.6 billion globally.
  • Beauty products are top-selling across all markets.
18-Dec-2024 ⚖️ TikTok appeals US Supreme Court to block potential ban
  • TikTok files emergency appeal against potential ban.
  • Losses for creators could exceed $1 billion if banned.
17-Dec-2024 🇺🇸 TikTok CEO meets Trump amid US ban deadline
  • TikTok CEO meets Trump amid US ban fears
  • Company appeals to Supreme Court after legal setback
17-Dec-2024 ⚖️ TikTok appeals to US Supreme Court to avoid ban

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