Reports about Chinese officials eyeing Musk as the buyer of TikTok’s U.S. operations are “not a total shock” given Musk’s relationship with Trump, says Wedbush analyst Dan Ives.

China is reportedly exploring the possibility of selling TikTok's US operations to Elon Musk, according to Bloomberg. The move is said to be under consideration by China if TikTok is unable to avoid a potential ban in the US and can't sell the app to a US-approved buyer by this Sunday,

TikTok dismissed reports that China is considering selling the social media platform to Elon Musk. U.S. law stipulates that ByteDance, the Chinese company that owns TikTok, must sell the app to a U.S. company by Jan. 19 or face a ban due to national security concerns.