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Bid for TikTok could give US Government a 50% stake
New bid for TikTok from Perplexity AI could give US government 50% stake
WASHINGTON (AP) — Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter.
Artificial Intelligence Company’s Bid for TikTok Could Give American Government a 50 Percent Stake in New Company
Congress voted to ban TikTok out of concern that TikTok's ownership structure represents a security risk, a ban upheld by the Supreme Court but
New TikTok Bid Could Give US Government 50% Stake
The revised proposal allows for a new structure merging Perplexity AI and TikTok's U.S. business. The U.S. government could acquire up to a 50 percent nonvoting stake after a public offering valued at $300 billion or more. ByteDance would maintain equity in the new entity but cede control to a U.S. board.
Trump discussing TikTok purchase with multiple people
TikTok shuts down in the United States hours ahead of a ban
TikTok could go dark in the United States on Sunday after the Supreme Court upheld a ban on the Chinese-owned social media platform — but it could be back as early as Monday.
Trump discussing TikTok purchase with multiple people, decision in 30 days
By Nandita Bose, Dawn Chmielewski, Milana Vinn, Kanishka Singh ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump said on Saturday he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app's future in the next 30 days.
Will Oracle take over TikTok? Trump says he'll make a decision in 30 days
The Trump administration is denying it, but Trump previously said he'd like to see the software company take it over.
9d
U.S. Ban of TikTok Is Set to Deal a Major Blow to ByteDance, Its Chinese Owner
While TikTok remains hugely popular in Brazil, Indonesia and other markets, its 170 million users in the United States are ...
6d
TikTok was banned in the United States. But now it’s back. How come?
A TikTok ban briefly came into effect this past weekend in the U.S., but service came back the next day. What exactly ...
16h
President Trump says he'll decide on TikTok's ownership 'probably over the next 30 days'
President Donald Trump told reporters Saturday, "Numerous people are talking to me, very substantial people, about buying" ...
7d
In the United States, Users React to Life (Briefly) Without TikTok
The app went dark nationwide on Saturday night, but the company indicated it was in the process of restoring the service ...
7d
on MSN
Coco Gauff hopes TikTok ban in United States is short-lived
Coco Gauff said she hopes TikTok "comes back" in the U.S. after the federal ban of the popular app took effect Saturday.
8d
TikTok says goodbye to the United States, disappearing from Apple and Google App stores, and with a sad message
After several attempts, finally came the moment when ByteDance's platform, TikTok disappears from the United States after a ...
2d
on MSN
Trump says banning TikTok won’t make Americans safer from China. He may have a point
President Donald Trump on Wednesday batted down the national security concerns surrounding TikTok, saying, “Is it that ...
2d
on MSN
iPhones with TikTok Installed Are Selling for Up to $5M on eBay After the Social Media App's Brief Ban
Phones that still have TikTok installed on them are fetching high prices on eBay, days after the social media platform's ...
2h
on MSN
US-owned Perplexity AI offers new plan to take a half-share in TikTok
The proposal, submitted last week, is a revision of an earlier plan the artificial intelligence startup presented to TikTok's ...
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