As the April 5 deadline approaches, tech giants like Amazon and AppLovin are making last-minute bids to acquire TikTok, aiming to address both national security concerns and business opportunities. Amazon's offer to purchase TikTok outright was reportedly not favored by the Trump administration, while AppLovin has sought investment from billionaire Steve Wynn to bolster their proposal. Additionally, a coalition involving Oracle and Blackstone is exploring a joint purchase, with reports indicating Beijing's openness to these negotiations. The swift actions reflect the heightened attention on TikTok amid U.S.-China tensions.
Amazon's proposal represents one of several bids aimed at acquiring TikTok, driven by national security concerns and the imminent deadline to sever ties with ByteDance.
The flurry of bids, involving notable tech companies and investors, underscores the urgency amidst government scrutiny regarding TikTok's operations in the U.S.
Collection
[
|
...
]