China officials internally discuss option of TikTok sale to Musk
Live MintSINGAPORE—Chinese officials, facing a looming U.S. TikTok ban, have internally discussed options including the possibility of allowing a trusted non-Chinese party such as Elon Musk to invest in or take control of TikTok’s U.S. operations, people familiar with the discussions said. In discussions to date, officials concluded that it was best to let the ban take effect and keep TikTok under ByteDance’s ownership so that negotiations could continue after Trump takes over, the people said. In preparing the tool kit for possible options after Trump’s inauguration, officials have examined possible openness to a deal with Musk, one of Trump’s closest allies, the people said. Last month, TikTok Chief Executive Shou Chew met Trump at the president-elect’s Mar-a-Lago resort in Florida, people familiar with the matter said.