Newscenter Media News Chinese company, ByteDance has reacted to news making the rounds that billionaire businessman Elon Musk is allegedly making moves to buy out the US operations of TikTok.
Per a report by Bloomberg, Chinese government is mulling the idea of selling the social media platform which faces an impending ban in the US.
However, Chinese government officials prefer that the social media platform, which US Federal officials have described as a “national-security threat of immense depth and scale” remains in the hands of its parent company ByteDance.
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However, ByteDance has played down Elon Musk’s potential takeover while reacting to the report which will potentially place the tech billionaire in an unprecedented position of owning X (formerly Twitter) and also overseeing the American operations of TikTok.
“We can’t be expected to comment on pure fiction,” the company told CNBC.
ByteDance has also announced that it will stick to plans stop operations in the United States of America on January 19, 2025.
The social media platform said it is not going back on shutting off in the Unites States Jan. 19 unless the Supreme Court can strike down or delay the implementation of a law intended to force the sale of the company to an American buyer.
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