Amazon joins the list in bid to purchase TikTok

Amazon made an offer to get Tiktok where the famous social media application faces a waved on the horizon to get rid of its China -based owner or face a ban in the United States that can enter into force this month.

A Trump administration official told Reuters on Wednesday that the e -commerce giant made an offer to buy Tiktok before the ban on the horizon.

The New York Times reported, noting three people familiar with this issue, that Amazon made an attempt at the last minute to get Tiktok in full. However, these executing sources told that the parties involved in the discussions do not seem to take the Amazon offer seriously. According to the report, the offer was delivered to Vice President JD Vance and Minister of Trade Howard Lottenic.

congress is legally enacted last year that would prohibit applications such as Tiktok owned by entities in the opponent countries such as China, Russia, Iran and North Korea after a period of 270 days in which investments can occur. President Donald Trump said he wanted to find a way to maintain the application operating in the United States and an executive order that extends to the window of getting rid of this to allow additional time to gather. Its extension gives the company until Saturday to complete a deal.

Trump to consider the final suggestion of Tiktok as it is waving on the deadline

Tiktok faces a waved deadline for stripping her of its Chinese ownership or facing the US ban. (Yan Christ / Bloomberg via / Getty Images)

Fox Business has arrived at Amazon and the company refused to comment on the report that it is interested in buying Tiktok.

The other potential suits of Tiktok included a group called Project Liberty, led by billionaire Frank McCort and Kevin Olieri.

Tiktok has resisted the batch for sale, partly due to the opposition of the Chinese government, which has the authority to prevent the sale of China -based companies.

Trump says he may reduce Chinese definitions on a specific condition

Show Zeu, CEO of Tiktok, attended the inauguration of President Donald Trump. (Shawn Thew/Pool/AFP via Getty Images/Getty Images)

Charlie Gasparino at Fox Business said that there is a Tiktok deal on the table that will create a new majority ownership company in the United States, although investors are concerned about the provisions of responsibility in the law that prohibits applications such as Tiktok that may take time to address and require additional delay.

Under the proposed deal, Chinese Tiktok owners will retain the minority share of less than 20 % in the framework of the new corporate structure. The source code for the application will remain what was created through its Chinese ownership, although it will be monitored in Oracle Cloud to prevent spy.

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The price of Tiktok will be at this proposal will be 40 billion dollars with the current source code, or 20 billion dollars if this is removed from a possible deal.

Reuters contributed to this report.