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The amount Elon Musk would have to pay if he wanted to buy TikTok is revealed

The amount Elon Musk would have to pay if he wanted to buy TikTok is revealed

The world's richest person, Elon Musk, will have to offer a price similar to what he paid for Twitter if a deal to buy TikTok's US operations goes through.

This claim comes from a well-known analyst - as China is reportedly considering allowing a sale to Musk to prevent a full US ban, foreign media write, reports Telegraph.

Thus, ByteDance, the parent company of TikTok, is likely to demand a sum of $40 billion to $50 billion for the app's US operations, Wedbush analyst Dan Ives wrote in a Tuesday note to clients, in the range of the $44 billion that Musk paid in 2022 for Twitter, now known as X.


This is much higher than the approximately $20 billion bid made by the "Project Liberty" consortium.

A TikTok spokesperson dismissed the idea of ​​a sale to Musk as "pure fiction" in a statement to several media outlets.

Musk has yet to comment on the reports, which do not mention whether Musk has expressed interest in such an acquisition.

TikTok will be banned on Sunday unless ByteDance spins off its US operations into an American entity, although the Supreme Court will soon rule on an appeal against the ban.

And Donald Trump – who has criticized the idea of ​​banning TikTok – may be able to extend the deadline by 90 days after his inauguration on Monday.

About a third of Americans use TikTok, according to a June survey by Pew Research, surpassing the 21% who use X. /Telegraph/