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
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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With regulators watching closely, the outcome of this high-stakes deal could have far-reaching consequences for the tech industry and its users.
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.
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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News of the offer emerged as Trump prepared to meet with senior officials to review the approaching cutoff for TikTok's sale.
A few richie-riches have made offers to buy TikTok, but Amazon is the most high-profile potential buyer thus far. And the marriage would be a match made in capitalist heaven. If you’ve spent any time on TikTok,