Amazon, TikTok
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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
A startup run by Tim Stokely, founder of adult content social media site OnlyFans, has partnered with a cryptocurrency foundation to submit a late-stage plan to acquire short video app TikTok from Ch...
From Reuters
Bidders for the short video social media company are piling up, as the weekend deadline for TikTok to find a buyer approaches.
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,
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.
TikTok gets another last-minute reprieve ahead of an April 5 deadline to sell itself or face a nationwide ban in the U.S.
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.
Walmart is actively considering joining a group of investors to buy TikTok, according to sources close to the deal.
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With regulators watching closely, the outcome of this high-stakes deal could have far-reaching consequences for the tech industry and its users.
Days before an April 5 deadline for TikTok to find a buyer or get shut out of its biggest market, the list of potential outcomes for the video app got a lot longer.
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