After years of rejecting the idea of a sale of TikTok’s US assets to an American buyer in order to avert a ban, China and ByteDance may have found an owner they could live with: Elon Musk.

Musk acquired X (then Twitter) in October 2022 after a highly publicized back and forth, in which he gave up on the acquisition midway but ultimately closed the deal, paying $44 billion for the platform. X's user base has been on a decline since the acquisition, and advertising revenues have plummeted.

US President Donald Trump on Tuesday said he would be supportive of the world's richest man and his close aide, Elon Musk, buying TikTok "if he wanted to". Trump was asked if he would be open to the billionaire founder of Tesla buying the short-video platform facing a nationwide ban in the US after the Supreme Court last week upheld a law requiring TikTok to sever ties with its Chinese parent ByteDance.

Who will “save” TikTok? YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison have been floated as potential buyers of the app in the past week.

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U.S. President Donald Trump said on Tuesday (January 21) he was open to billionaire Elon Musk buying social media app TikTok if the Tesla CEO wanted to do so. Julian Satterthwaite reports.