ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

Could Elon Musk save TikTok in the US? China weighs option to sell the controversial TikTok social media app's US operations ahead of looming ban

After delaying the ban on TikTok for 75 days, the newly appointed US President, Donald Trump stated that he prefers Elon Musk would take over.

TikTok’s time will expire on Jan. 19 if no buyer is found or the Supreme Court rules in the app’s favor. Here’s what to know.

United States President Donald Trump has come out firing on several key issues including social media platform TikTok. Mr Trump had given it a 75-day extension after there was a deadline for TikTok’s parent company ByteDance to sell the social media app.

China’s foreign and commerce ministries didn’t immediately respond to requests for comment on whether Beijing would allow the American government to own part of TikTok.

After years of rejecting the idea of a sale of TikTok’s US assets to an American buyer in order to avert a ban, China and ByteDance may have found an owner they could live with: Elon Musk.

President Donald Trump said he is in favor of Elon Musk or Larry Ellison buying TikTok as he offered his latest thinking on what a deal might look like to save the US operations of the social media platform.

PRESIDENT Donald Trump has said he’s open to the possibility of Elon Musk purchasing TikTok. Trump, who signed an executive order delaying the federal ban of TikTok for 75 days just hours

Reports about Chinese officials eyeing Musk as the buyer of TikTok’s U.S. operations are “not a total shock” given Musk’s relationship with Trump, says Wedbush analyst Dan Ives.

Chinese government officials are reportedly mulling selling TikTok's US operations to Elon Musk to avoid a complete ban in the country.