Trump Signals Support for Elon Musk's Potential Purchase of TikTok
The U.S. President suggests TikTok's ownership could change, with Musk emerging as a possible buyer amid ongoing legal and political disputes over the app's future in the U.S.
- Donald Trump expressed openness to Elon Musk purchasing TikTok, suggesting the U.S. could benefit from partial ownership of the platform.
- A U.S. law required TikTok's Chinese parent company, ByteDance, to divest from the app by last Sunday to ensure its continued operation in the U.S., but the deadline was missed.
- Trump issued a 75-day pause on enforcing the divestment requirement, though legal uncertainties remain over whether he can delay the law's implementation.
- Media reports indicate that the Chinese government has considered Musk as a potential buyer, given his business ties to China, including Tesla's Shanghai factory.
- Musk, who owns the social media platform X and is a close Trump ally, could potentially integrate TikTok with X if a deal materializes, though TikTok has officially opposed any ownership change.