China exploring possible sale of US TikTok to Elon Musk: report
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The report, citing anonymous people familiar with the matter, outlined one scenario being discussed in Beijing where Musk's social media company X would purchase TikTok from Chinese owner ByteDance and combine it into the platform formerly known as Twitter.
The report estimated the value of TikTok's US operations at between $40 and $50 billion.
Although Musk is currently ranked as the world's wealthiest person, Bloomberg said it was not clear how Musk could execute the transaction, or if he would need to sell other assets.
The US government passed a law last year that requires TikTok's ByteDance to either sell the wildly popular platform or shut it down. It goes into effect Sunday — a day before President-elect Donald Trump takes office.
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