Musk: No Intent to Acquire TikTok US Business, Inclined to Build Company from Scratch

BlockBeats News, February 9th, Musk stated that he is not interested in acquiring TikTok's US business. This popular social video app has raised US government national security concerns due to its Chinese parent company ByteDance Ltd. and has faced the risk of being banned multiple times.

"I have not made any acquisition offer for TikTok," Musk said during a remote video link participation in a German conference. He added, "I also have no plans for what I would do if I owned TikTok." Musk stated that he himself does not use TikTok. "I am not eager to acquire TikTok," he added. Musk acquired Twitter in 2022 and renamed it X, emphasizing, "I usually create companies from scratch."

According to a Bloomberg report in January this year, Chinese officials had evaluated a possibility that if TikTok could not avoid being banned by the US government, Musk—also a close ally of former US President Trump—would be allowed to acquire TikTok's US business. Sources revealed that in one scenario, Musk's X platform would take over TikTok's US business and jointly operate the platform.