Home Money Elon Musk in talks to buy TikTok in US as video streaming app faces ban over national security concerns

Elon Musk in talks to buy TikTok in US as video streaming app faces ban over national security concerns

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Acquisition: Elon Musk could buy TikTok's US operations through his social media company X in £41bn deal

China is exploring a possible sale of TikTok’s US operations to Elon Musk for up to £41bn.

The social media platform, which has more than 2 billion users worldwide, faces a ban in the United States on national security grounds.

Beijing is discussing a scenario in which Musk’s social media company

The report estimated the value of TikTok’s US operations at between £32 billion and £41 billion.

Although Musk is the richest person in the world, it is unclear how he could buy TikTok or whether he would need to sell other assets to do so.

TikTok has said it “cannot be expected to comment on pure fiction.”

Acquisition: Elon Musk could buy TikTok’s US operations through his social media company X in £41bn deal

The US government passed a law last year requiring Byte Dance to sell the platform or shut it down. It goes into effect Sunday, one day before Donald Trump takes office.

The US government alleges that TikTok allows Beijing to collect data and spy on users and is a conduit to spread propaganda.

China and Byte Dance strongly deny the claims. TikTok’s appeal to the US Supreme Court began last week.

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