TikTok has dismissed as “pure fiction” reports suggesting the Chinese government is considering allowing the sale of the platform to Elon Musk to ensure its continued operation in the United States.
Reports from Bloomberg News and the Wall Street Journal on Tuesday said Chinese officials have discussed the possibility of selling TikTok to Musk, the CEO of Tesla and SpaceX, to avoid a ban that will take effect on Sunday unless the ByteDance, the Chinese owner of TikTok, to sell its US business
Reports also suggest that Chinese officials are discussing “contingency plans,” although Beijing has not shared any of those plans with ByteDance.
One of the scenarios being discussed, according to Bloomberg, would involve integrating TikTok into Musk’s X social media platform.
However, the report also noted that it remains unclear how Musk, whose net worth exceeds $400 billion, would pull off such a transaction or whether he would need to sell other assets to finance the purchase.
A TikTok spokesperson responded to the reports saying, “We can’t wait to comment on pure fiction.”
The development comes as the US Supreme Court considers the constitutionality of a potential ban on TikTok, prompted by the Act to Protect Americans from Controlled Apps by Foreign Enemies.
TikTok has filed a legal challenge against the bill, arguing that it violates First Amendment free speech protections.
During oral arguments on Friday, a majority of Supreme Court justices appeared skeptical of TikTok’s argument, suggesting they were inclined to uphold the ban.
The bill was signed into law by outgoing President Joe Biden in April after concerns about national security risks related to TikTok’s data practices and its potential to influence public debate.
Both Democratic and Republican lawmakers have raised concerns that TikTok may be collecting personal data from US users and potentially using the platform to manipulate public opinion.
President-elect Donald Trump, who will be inaugurated on January 20, previously promised to “save” the platform during his presidential campaign, a shift from his previous efforts to ban the app during his first term.
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