Amazon's Last-Minute Bid for TikTok Comes
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The Trump administration’s April 5 deadline to sell or shut down TikTok is fast-approaching, and the president was briefed Wednesday on a framework that would keep it operational.
From The Wall Street Journal
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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Many questions remain about the state of a potential deal, but loyal TikTok users have reason to be optimistic. Several interested parties have raised their hands to potentially buy the app, and Trump has expressed a desire to help facilitate a deal and preserve access to the platform.
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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.
2don MSN
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Amazon has told the White House it is interested in buying TikTok ahead of a key deadline by which its parent company, China-based ByteDance, must either sell the popular social media app or face a ban in the U.
Although it’s unclear if ByteDance plans to sell, several possible bidders have come forward ahead of a ban on the platform that’s set to go into effect on Saturday.