Amazon's Last-Minute Bid for TikTok Comes
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The clock is ticking down on the TikTok video app's potential ban in the United States, last minute investors such as Amazon and AppLovin are submitting bids.
From USA TODAY
According to a source familiar with the White House led discussions about a deal, Amazon made a late bid to buy TikTok.
From NBC News
Trump said that a deal is close on Tiktok, with multiple investors involved.
From Reuters
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2don MSN
Amazon has put in a bid to purchase TikTok, a Trump administration official said Wednesday, in an eleventh-hour pitch as a U.S. ban on the platform is set to go into effect Saturday. The official, who was not authorized to comment publicly and spoke on the condition of anonymity,
News of the offer emerged as Trump prepared to meet with senior officials to review the approaching cutoff for TikTok's sale.
The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance.
Trump gave China’s ByteDance until Saturday to sell or divest its U.S. TikTok business. A source confirmed to NBC News that the e-commerce giant had made a last-minute pitch.
As TikTok faces down an April 5 deadline, last-minute offers to buy the app have come from Amazon and the founder of OnlyFans, among others.
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Amazon has made a last-minute bid to buy TikTok as the app nears an April 5 deadline to cut ties with its Chinese owner or face a U.S. ban, according to a New York Times article published on April 2.
Amazon and AppLovin reportedly submitted bids to acquire TikTok, ahead of a U.S. ban set to go into effect Saturday if no deal is reached with the app's Chinese parent company.
Amazon.com has put in a bid to purchase TikTok, a Trump administration official said, in an 11th-hour pitch as a U.S. ban on the platform is set to