Amazon's Last-Minute Bid for TikTok Comes
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Amazon put in an offer letter addressed to Trump administration officials, but that those involved in talks about the future of the video-sharing app do not appear to be taking the bid seriously.
From GeekWire
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.
From Yahoo
Trump said that a deal is close on Tiktok, with multiple investors involved.
From Reuters
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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.
2don MSN
Amazon has put in a bid to purchase TikTok, a Trump administration official said Wednesday, in an eleventh-hour pitch as a U.S. ban on the platform is set to go into effect Saturday. The official, who was not authorized to comment publicly and spoke on the condition of anonymity,
News of the offer emerged as Trump prepared to meet with senior officials to review the approaching cutoff for TikTok's sale.
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 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.
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Saturday is meant to be the deadline for TikTok parent company Bytedance to sell the platform to a non-Chinese buyer or face its possible ban in the United States. According to a source familiar with the White House led discussions about a deal,
Amazon has made a last-minute bid to buy TikTok as the app nears an April 5 deadline to cut ties with its Chinese owner or face a U.S. ban, according to a New York Times article published on April 2.
A few richie-riches have made offers to buy TikTok, but Amazon is the most high-profile potential buyer thus far. And the marriage would be a match made in capitalist heaven. If you’ve spent any time on TikTok,
Amazon.com has put in a bid to purchase TikTok, a Trump administration official said, in an 11th-hour pitch as a U.S. ban on the platform is set to