By Web Desk 
No Interest in Purchasing TikTok
In a recent virtual appearance at the WELT Economic Summit, Elon Musk, CEO of Tesla and SpaceX, addressed rumors regarding his potential interest in acquiring the popular video-sharing platform TikTok. Musk stated unequivocally that he has no plans to purchase TikTok, dispelling ongoing speculation about his involvement.
Background of Acquisition Speculations
The rumors gained traction following reports suggesting that Chinese officials were considering divesting TikTok’s U.S. operations to comply with American regulations. Musk’s name emerged as a potential buyer, leading to widespread media coverage. However, both Musk and TikTok have dismissed these claims, labeling them as unfounded.
Legal Perspectives on Potential Acquisition
Legal experts have weighed in on the improbability of such an acquisition, citing concerns over market monopolies and regulatory hurdles. Owning multiple major social media platforms could raise antitrust issues, making the acquisition both legally and logistically challenging.