The world’s richest user, Elon Musk, would imagine a value similar to what he has paid for Twitter if a transaction materializes to buy Tiktok’s U. S. operations, according to a well-known analyst covering musk, in China, the Mulls authorize a sale in musk to spare him a U. S. ban.
The Bytedance of Tiktok’s parents would seek a sum of $40 billion to $50 billion for U. S. good fortune. U. S. In good fortune, Wedbush analyst Dan Ives wrote in a price ticket to consumers on Tuesday, on the $444 billion worth of musk diversity paid in 2022 for Twitter, now known as X and well above the roughly $20 billion bid carried out through the consortium’s allocation directed across the United States last week.
Bloomberg and Wall Street Journal reports of Chinese officials’ discussions about Musk are “not a general shock” given Musk’s strict dating with President-elect Donald Trump, Ives added.
The acquisition of Tiktok’s American operations would be a “gold asset collection” for Musk and its social media corporate X, added Iives, who covered Twitter when it was a public company and now covers Tesla and the American generation industry as a whole.
A Tiktok spokesperson rejected the concept of a musk sale as “pure fiction” in a statement on several selling topics. Musk has still commented on the reports, which mention whether Musk has expressed interest in such an acquisition.
Tiktok will be prohibited on Sunday, unless he leaves the United States. In an American entity, although the Supreme Court will soon call the prohibition and that Trump, who criticized the concept of prohibiting Tiktok, could be able to grow the deadline for 90 days after its inauguration on Monday. He sends that a third of the Americans use Tiktok, according to a June survey through Pew Research, which exceeds 21 % employment of X. But considerations on Tiktok assets founded in China, and the consultation of whether the Chinese government It can force him to deliver user knowledge – they have led legislators to continue a prohibition if the tied does not sell the platform. Billionaire Frank McCourt, the former owner of the Los Angeles Dodgers, directs the freedom project that Tiktok offers, while other US billionaires are very worried in the drama with main themes, in Jeff Yass specific, whose group of Susquehanna Internacional Corporate possesses 15 % participation in Bytedance.
Musk’s Electric Vehicle Company, Tesla, its largest company, does vital business in China. About 23%, or $5. 7 billion or $25. 2 billion in profit in its latest quarter, came here from China. Ives discussed Musk’s “strong relationship” with the Chinese government as bolstering his case with Tiktok.
Musk’s $421 billion network makes him more than $180 billion richer than any other human, according to our most recent estimates. Musk’s 12% stake in Tesla and a 42% stake in his aerospace government contractor SpaceX accounts for the majority of his fortune.
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