Amazon's Last-Minute Bid for TikTok Comes
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USA TODAY |
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.
Reuters |
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...
Reuters |
Trump said that a deal is close on Tiktok, with multiple investors involved.
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TikTok on Friday was hours from a deadline to find a non-Chinese owner or face a ban in the United States.
Advisers to President Donald Trump are expected Wednesday to present the president with options for a deal to invest in TikTok that involves a number of well-heeled venture capital, private equity funds and tech companies,
The app went dark in January, though Trump’s deadline extension led to its reactivation. The current value ranges from $100 to $200 billion.
TikTok has just days to find a buyer in the United States or face a ban in the country. The White House on Tuesday indicated a deal may be close to done. NBC Bay Area business and tech reporter Scott Budman provides the latest in his video report above.
The White House has examined a menu of options to avert a TikTok ban deadline set for Saturday. One proposal — letting TikTok’s Chinese owner lease the algorithm to a TikTok spinoff in the U.S. — would probably face resistance from China hawks in Trump’s party.
After TikTok was banned in the United States earlier this year, President Donald Trump gave the platform a reprieve, barreling past a law that was passed in Congress and upheld unanimously by the
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Vibe on MSNAmazon Reportedly Moves To Purchase TikTok Amid Looming BanTikTok has a new interested buyer. According to the Associated Press, Amazon has put in a bid for ownership of the Chinese-owned app as its future access in the United States remains in limbo. According to the outlet,
The investors claim ByteDance sabotaged their acquisition of the social media giant during the first Trump administration by instead pursuing an Oracle partnership that circumvented national security divestiture requirements.
TikTok’s imminent future in the US still hangs in the balance. Besides a potential new owner, this is what may happen after the April 5 deadline elapses. View on euronews