Amazon's Last-Minute Bid for TikTok Comes
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Amazon, the company founded by billionaire Jeff Bezos, is offering to purchase TikTok, the popular social media app facing a United States ban if not sold by its Chinese-based parent company, ByteDan...
From Yahoo
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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Tim Stokely, the founder of OnlyFans, and a cryptocurrency foundation have joined forces to place a late-stage bid for the acquisition of TikTok’s U.S. operations from ByteDance.
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A recent report from The Information reveals that Trump has a plan for TikTok, which is to form a new "TikTok America" company.
TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data As TikTok's future remains uncertain, a number of prominent moguls and companies are competing for the opportunity to purchase the app.
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.
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.