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.
TikTok parent ByteDance would likely look for a sum of $40 billion to $50 billion for the U.S. operations of the hit app, Wedbush analyst Dan Ives wrote in a Tuesday note to clients, in the range of the $44 billion Musk paid in 2022 for Twitter, now known as X—and well above the roughly $20 billion bid made by the U.S.-led consortium Project Liberty last week.
The reports of Bloomberg and Wall Street Journal about the discussions of Chinese officials about Musk “are not a general shock” given the strict datation of Musk with President -elect Donald Trump, IVES added.
The acquisition of Tiktok’s U. S. operations would be a “golden asset pickup” for Musk and his social media corporation X, added Ives, who covered Twitter when it’s a public company and now covers Tesla and the U. S. tech industry. U. S. As a whole.
A TikTok spokesperson dismissed the idea of a sale to Musk as “pure fiction” in a statement to several outlets. Musk has yet to comment on the reports, which don’t mention whether Musk has expressed interest in such an acquisition.
Tiktok will be banned on Sunday unless the breadio exceeds its operations in the United States to a U. S. entity, although the Supreme Court soon in an appeal to Ban and Trump, who criticized the concept of banning Tiktok, perhaps capable of being bigger. Deadline for 90 days after its opening on Monday. About one-third of Americans use Tiktok, according to research in June from Pew Research, which exceeds X’s 21% employment rate. But considerations regarding Tiktok’s assets in China, and whether the Chinese government can force it to hand over user knowledge, continue lawmakers aimed at banning if bytete doesn’t sell the platform. Billionaire Frank McCourt, the owner of the Los Angeles Dodgers’ form, is leading the Liberty project’s bid for Tiktok, while other American billionaires are closely involved in the high-stakes drama, including Jeff Yass, whose Susquehanna International Group firm owns a 15% bytedance.
Musk’s electric vehicle company Tesla, his largest business, does a significant amount of business in China. About 23%, or $5.7 billion of Tesla’s $25.2 billion in revenue in its most recent quarter came from China. Ives mentioned Musk’s “strong relationship” with the Chinese government as bolstering his case with TikTok.
The net price of $ 421 billion in Musk provides more than $ 180 billion richer than any other human, according to our latest estimates. The 12% Musk participation in Tesla and 42% in its Entrepreneur of the Aerospace Government Spacex represents most of its fortune.
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