China mulls potential sale of TikTok US to Musk, Bloomberg News reports ...Middle East

Beijing officials prefer that TikTok remains under the control of parent Bytedance, the report said, citing sources.

China’s government has a “golden share” in ByteDance, which several members of Congress have said gives the government power over Tiktok.

“We can’t be expected to comment on pure fiction,“ a TikTok spokesperson said, responding to the report.

TikTok has previously said that the government’s stake “has no bearing on ByteDance’s global operations outside of China, including TikTok.”

Last week, the Supreme Court seemed inclined to uphold a law that would force a sale or ban TikTok in the U.S by Jan. 19, over national security concerns about China.

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