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.

Chinese officials reportedly want ByteDance Ltd. to remain the owners of TikTok but is in discussion on how to work with the Trump Administration.

China-owned ByteDance, TikTok's parent company, would prefer to keep ownership of the platform. But it's reportedly open to Musk acquiring it and integrating it with X, formerly known as Twitter, as part of a contingency plan, according to Bloomberg, which cites unnamed people familiar with the matter.