Chinese officials are considering Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk as a potential buyer for TikTok’s U.S. operations, as the social media platform faces a Jan. 19 deadline to divest or shut down.
What Happened: The discussions, though preliminary, envision a potential scenario where Musk’s X platform could take over TikTok’s U.S. operations, Bloomberg reported on Monday, citing sources and estimates, valuing the deal between $40 billion to $50 billion. The move would combine TikTok’s 170 million U.S. users with X’s advertising reach.
Beijing officials, who retain influence through a “golden share” in ByteDance’s Chinese affiliate, see Musk as an attractive option because of his existing relationships in China through Tesla’s Shanghai factory and …
Full story available on Benzinga.com
Chinese officials are considering Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk as a potential buyer for TikTok’s U.S. operations, as the social media platform faces a Jan. 19 deadline to divest or shut down.
What Happened: The discussions, though preliminary, envision a potential scenario where Musk’s X platform could take over TikTok’s U.S. operations, Bloomberg reported on Monday, citing sources and estimates, valuing the deal between $40 billion to $50 billion. The move would combine TikTok’s 170 million U.S. users with X’s advertising reach.
Beijing officials, who retain influence through a “golden share” in ByteDance’s Chinese affiliate, see Musk as an attractive option because of his existing relationships in China through Tesla’s Shanghai factory and …
Full story available on Benzinga.com
Chinese officials are considering Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk as a potential buyer for TikTok’s U.S. operations, as the social media platform faces a Jan. 19 deadline to divest or shut down.
What Happened: The discussions, though preliminary, envision a potential scenario where Musk’s X platform could take over TikTok’s U.S. operations, Bloomberg reported on Monday, citing sources and estimates, valuing the deal between $40 billion to $50 billion. The move would combine TikTok’s 170 million U.S. users with X’s advertising reach.
Beijing officials, who retain influence through a “golden share” in ByteDance’s Chinese affiliate, see Musk as an attractive option because of his existing relationships in China through Tesla’s Shanghai factory and …Full story available on Benzinga.com Read MoreByteDance, Elon Musk, Equities, GOOG, GOOGL, Kaustubh Bagalkote, META, MSFT, News, ORCL, Social Media, TikTok, TSLA, Markets, GOOG, US38259P7069, MSFT, US5949181045, ORCL, US68389X1054, TSLA, US88160R1014, GOOGL, US38259P5089, META, News, Equities, Social Media, Markets, Benzinga Markets
