Perplexity AI proposes a deal for the US government to own 50% of a new entity merging with TikTok's US business. The revised proposal allows ByteDance to retain some ties but excludes the algorithm.

Numerous potential buyers, including PerplexityAI and the internet advocacy group, Project Liberty, have publicly stated their interest in the app.

The bankers definitely want in despite this being a heavy lift because the fees on an estimated $20-plus billion deal could be pretty rich.

Kevin O’Leary’s $20B TikTok offer is rejected as ByteDance confirms it won’t sell the key technology behind the app’s success.

There are reports that the United States government is looking to bring in software firm Oracle and US investors to take over TikTok’s operations in America. Oracle would take over the app’s algorithm,

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, accordin

Perplexity AI proposes to merge with TikTok to address national security concerns raised by the U.S. government. Perplexity AI, a U.S.-based search engine startup, has revised its merger proposal for TikTok’s U.

Perplexity AI proposes a merger with TikTok U.S., offering a new U.S. holding company where the U.S. government would own up to 50% post-IPO, excluding TikTok's core algorithm. The proposal aims to create 'NewCo',

The aim is to place oversight control in the hands of American software company Oracle and other investors. Under federal law, TikTok must split apart from China, or face a nationwide ban.

A potential deal to restructure TikTok’s ownership could reshape its global operations, minimising Chinese influence while preserving its U.S. presence.

Perplexity AI reportedly modified a proposed merger offer for ByteDance's TikTok US, with the US government to take a 50 per cent stake.

Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ensure TikTok stays online in the US — and suggested there may be