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Elon Musk would be the best owner for TikTok. There's just one problem.

Business InsiderBusiness Insider · 8m
Elon Musk would be the best owner for TikTok. There's just one problem.

Former Treasury Secretary Steven Mnuchin and former Activision CEO Bobby Kotick have expressed interest in buying TikTok's US operations, although they both lack the necessary funds. Mnuchin is seeking investors for the acquisition, while Kotick floated the idea of partnering with others to buy the platform. However, several obstacles must be overcome, including the passage of an anti-TikTok bill in the US Senate, a court challenge from ByteDance (TikTok's owner), and a change in the Chinese government's stance on the sale. Estimates for the purchase price range from $40 billion to "hundreds of billions." Furthermore, Elon Musk has been suggested as a potential buyer, but his previous failures in running a consumer app dampen prospects.

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