Chinese officials are exploring the possibility of Elon Musk acquiring TikTok’s U.S. operations if the app’s parent company, ByteDance, cannot overturn an impending ban.
While Beijing prefers ByteDance to retain ownership, the company is appealing to the U.S. Supreme Court, which recently signaled support for upholding the law.
Contingency plans are being discussed, reflecting concerns over resolving the matter with President Trump’s administration.