Speculation has been rife about TikTok’s future in the United States. As the Chinese platform grapples with its impending ban in the country, there are rumors that Twitter owner Elon Musk is buying TikTok’s American division.
The Chinese government, worried about losing control of the popular platform, is looking for ways to protect its interests in the deal. Due to his close ties to the Chinese government and his public support for Donald Trump, Musk has been put forward as a good choice to mediate the complex deal.
TikTok’s integration with Platform X (formerly Twitter) could help Musk attract new advertisers and develop artificial intelligence technologies. Musk can also act as a bridge between the Chinese government and the US government and help improve relations between the two countries. Musk’s close relationship with Trump can also be effective in advancing this deal.
The US Supreme Court’s decision to uphold the law banning TikTok has put the future of this platform in doubt. Accurately valuing TikTok’s American division is one of the main challenges of this deal. Initial estimates are from 40 to 50 billion dollars for this sector.
With a golden stake in ByteDance, the Chinese government will play a decisive role in the final decision on TikTok’s future.
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