Amazon has also expressed interest in acquiring TikTok, but some say it is not serious
With the deadline for the TikTok Ban Act approaching on April 5, 2025, TikTok is being asked to choose between shutting down its service in the United States or selling its TikTok business in the United States to another company. In this situation, it has been reported that Amazon has come forward to acquire TikTok at the last minute.
Amazon Said to Make a Bid to Buy TikTok in the US - The New York Times
Amazon joins list of TikTok suitors as deadline for a US buyer nears
https://www.nbcnews.com/politics/trump-administration/amazon-tiktok-potential-us-buyers-rcna199318
With the enactment of the 'Protecting Americans from Applications Controlled by Foreign Adversaries Act' in the United States, TikTok is being forced to choose between suspending its service in the United States or selling its TikTok business in the United States to another company. The deadline for the selection was originally January 19, 2025, but was extended by 75 days due to the lobbying of President Donald Trump. The deadline of April 5 is fast approaching.
It has been reported that existing ByteDance investors, such as General Atlantic, Susquehanna, KKR, and Coatue, are looking to acquire TikTok's business in the U.S., and Oracle, Microsoft , and AI company Perplexity have also shown interest. However, ByteDance, TikTok's parent company, has not made any specific comments about who it would buy, nor has it officially stated that it has any intention to sell TikTok.
AI search company Perplexity steps up to acquire TikTok, appealing that it will open source TikTok's algorithm - GIGAZINE
It has also been reported that Amazon has made a bid to acquire TikTok.
According to the New York Times, Amazon announced its intention to acquire the company in a letter to Vice President J.D. Vance and Secretary of Commerce Howard Lutnick.
However, a source who spoke on condition of anonymity said, 'The offer is not seen as serious given its last-minute timing, just a few days before the deadline.'
The New York Times reported, 'TikTok has its own e-commerce business, known as the TikTok Shop, but many influencers encourage people to buy products from Amazon, and they receive a cut of each transaction as compensation. That makes an acquisition by Amazon a big win.'
President Trump is expected to meet soon with Vice President Vance, Commerce Secretary Lutnick, and other senior administration officials to decide TikTok's fate.
NBC News reported, 'White House officials and aides to Vice President Vance are restricting information about the negotiations with TikTok, and the list of buyers remains shrouded in mystery. Meetings were scheduled three days before the deadline, but there were no signs of a deal from ByteDance. President Trump has indicated he will extend the deadline again if no deal is reached by then.'
Related Posts:
in Web Service, Posted by log1p_kr