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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.
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.
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.
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’s surprise bid comes amid a flurry of activity from other interested buyers, including Oracle, Andreessen Horowitz, Blackstone and even a consortium backed by social media influencers like MrBeast. Some appear to have a better shot than others.
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In theory, the US is trying to ban TikTok over concerns of Chinese influence. But with the ban once again delayed, you wouldn't know it.
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Los Angeles Magazine on MSNTrump Extends TikTok Ban By 75 Days, Citing “The Deal Requires More Work”The extremely popular app TikTok lives to see another 75 days as Trump extends ban. President Donald Trump said Friday that he will extend the deadline for TikTok to find a non-Chinese buyer for another 75 days.
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