3hon MSN
Digital-advertising platform AppLovin on Thursday became the latest company to express interest in TikTok, ahead of an April 5 deadline to avoid a ban in the U.S.
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.
YouTube announced new video creation tools for short videos ahead of a pending deadline for TikTok owner ByteDance to sell it or be banned from the United States.
Trump is holding a meeting Wednesday with key administration officials who will present a deal for TikTok to the president.
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.
As the deadline nears for TikTok’s Chinese parent to cut a deal to divest controlling ownership of the app or face a U.S. ban, new bidders are coming out of the woodwork. Among the interested investors in TikTok is Tim Stokely,
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