TikTok: Firm calls report of possible sale to Musk 'pure fiction'
Published On Jan 13, 2025, 8:40 PM
TikTok rejected a Bloomberg report suggesting that Chinese officials are considering a sale of its U.S. operations to Elon Musk. The report came amidst ongoing legal pressures, including a 19 January deadline for TikTok to either sell or face a ban in the U.S., following national security concerns. TikTok has maintained that it will not be selling its U.S. business, asserting that the reports are unfounded.
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The denial of a sale to Musk indicates that TikTok is preparing to resist any potential legislative actions against it, which could provide stability in its business operations if the Supreme Court grants TikTok more time. However, the ongoing legal uncertainty surrounding its operations in the U.S. remains a risk.
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