AppLovin has made a preliminary bid to acquire TikTok's operations outside of China, submitting its interest in an SEC filing just before a deadline for divestment imposed on ByteDance. With TikTok's US operations valued at $40-50 billion, AppLovin joins a competitive field of bidders, including Amazon and Oracle, as US lawmakers intensify calls for the app’s separation from its Chinese parent. While AppLovin's current market cap is just over $89 billion, the acquisition poses challenges in structure and financing due to TikTok’s massive scale and valuation potential exceeding $100 billion.
AppLovin confirmed it submitted a preliminary 'indication of interest' to President Donald Trump regarding TikTok's operations outside China, joining a list of suitors.
With TikTok's US operations valued between $40 billion and $50 billion, AppLovin's bid emerges amidst political pressure for TikTok to divest its Chinese ownership.
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