Tech billionaire Elon Musk said he is not interested in acquiring the video-sharing app TikTok, and has no plans regarding what he would do if he owned it.

Musk made the remarks during a virtual session at the WELT Economic Summit held on Jan. 28, as seen in a video released by The WELT Group on Saturday.

"I haven't made a bid for TikTok, nor do I have any plans regarding what I would do if I owned it," Musk said.

U.S. lawmakers had initially planned to block TikTok due to national security concerns, but a........

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