Elon Musk Rules Out Interest in Acquiring TikTok
The billionaire clarified he has no plans to purchase the app, which faces a U.S. ban unless sold by its Chinese owner ByteDance.
- Elon Musk stated during a German economic summit that he has not bid for TikTok and does not plan to acquire the platform.
- TikTok is under pressure to divest from its Chinese owner ByteDance due to U.S. national security concerns, with a ban threatened if no sale occurs by April.
- Reports suggested Chinese officials considered selling TikTok to Musk, but both Musk and ByteDance have denied these claims.
- Musk emphasized that his acquisition of Twitter (now X) was an exception and driven by a desire to protect free speech, a rationale he does not see applying to TikTok.
- Several other investors, including Kevin O'Leary and Frank McCourt, have expressed interest in purchasing TikTok, though ByteDance has not indicated plans to sell.