E-commerce giant Amazon put in a last-minute bid to buy TikTok days before the April 5 deadline for the company to find a non-Chinese buyer or shut down in the United States. President Donald Trump is still weighing his top choice as other suitors line up with offers,
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.
Trump was to reportedly hold a White House meeting Wednesday to consider an offer to buy TikTok, as it faces a ban in the U.S. on April 5 if it is not sold to an American company.
Amazon is among the suitors for TikTok, a source with knowledge of internal discussions confirmed to Deadline.
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As TikTok faces another potential ban in the U.S. if not sold to an American buyer, Amazon has expressed interest as have several other companies.
Amazon has expressed interest in buying TikTok ahead of deadline for ByteDance to sell the social media app or face a U.S. ban.
With the deadline for TikTok to sell or face a ban (again) looming, a new potential buyer has emerged. Amazon has thrown its hat in the ring to take over the popular and addictive video platform, according to a report from the New York Times,