Elon Musk Denies Interest in TikTok Acquisition

At the WELT Economic Summit, Musk clarified he has no plans to purchase TikTok despite speculation fueled by media reports and comments from President Trump.

Elon Musk stated he has not submitted an offer for TikTok and has no plans to acquire the platform, addressing speculation during the WELT Economic Summit.
Media reports suggested the Chinese government considered Musk as a potential buyer for TikTok's U.S. operations, but Musk dismissed these claims.
A U.S. law requires TikTok's parent company, ByteDance, to divest from the app to maintain its availability in the U.S., with the deadline extended by President Trump to March 2025.
Musk mentioned he would evaluate TikTok's algorithm for potential changes to benefit humanity if he owned the platform, though he noted he does not currently use TikTok.
Other companies, including Microsoft, Amazon, and Oracle, have reportedly shown interest in TikTok's U.S. operations, while ByteDance is promoting its 'Project Texas' to address U.S. data security concerns without a sale.