If TikTok is banned in the United States, the popular app would consider selling to tech mogul Elon Musk, according to Bloomberg.

While Chinese officials would prefer the app remain under the ownership of ByteDance Ltd., TikTok is facing a Jan. 19 ban and arguments before the Supreme Court last week made it appear unlikely the high court would intervene, Bloomberg said.

Chinese officials believe involving Musk would allow them to curry favor with the incoming Donald Trump administration, Bloomberg said. Musk spent $250 million to get Trump elected and was appointed by Trump to run a new group focused on government efficiency.  

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