AppLovin, Amazon and TikTok
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The company, which helps developers market and advertise their apps, said in the filing that "there can be no assurance" that a transaction involving TikTok would proceed.
From Insider
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
Read more on News Digest
Who will buy TikTok? Amazon and OnlyFans in six-horse race as Trump’s deadline looms - Amazon, Blackstone equity firm and OnlyFans founder are among the bidders
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.
AppLovin confirmed that it has expressed interest in acquiring TikTok in all markets outside of China to President Trump as the deadline to sell or shut the social-media app approaches. The mobile advertising technology company on Thursday said that the indication of interest it provided is preliminary.
AppLovin (NasdaqGS:APP) has experienced a 13% decline in its stock price over the last quarter, significantly impacting shareholder returns. This price movement coincides with substantial legal challenges,