Amazon is reportedly joining a long list of potential suitors to buy TikTok with last-minute bid
On Wednesday, on Wednesday, Trump administration official said Amazon in an attempt to buy Tiktok.
The official, who was not permitted to publicly comment and spoke on the condition that his identity was not disclosed, said that the Amazon’s offer was presented in a letter to Vice President JD Vance and Minister of Trade Howard Lootnick.
The New York Times reported for the first time about the show.
On the day of the opening day, President Donald Trump gave the platform to postpone, and exceeded a law that was unanimously supported by the Supreme Court, who said that the embargo is necessary for national security.
Under the law, the parent company owned by the Chinese company Tiktok must sell the platform to the accredited buyer or take it in a non -communication mode in the United States. Trump suggested that he could increase the ban on the ban, but he also said he expected a deal to be formulated by Saturday.
Amazon refused to comment. Tiktok did not immediately respond to a request for comment.
The presence of the Amazon show appeared, as Yarmb was scheduled to meet senior officials to discuss the next deadline for selling Tiktok.
Although it is unclear whether to plan the Bytedance to sell Tiktok, many potential offers have advanced in the past few months. Among the potential investors are the Oracle software and the Blackstone Investment Company. Oracle announced in 2020 that it had a 12.5 % stake in Tiktok Global after securing its work as a cloud technology provider in the application.
In January, the start of the artificial intelligence of artificial intelligence, Amnesty International from AI, with the proposal of the integration that would combine confusion with the American Tiktok operation. Last month, the company explained its approach to rebuilding Tiktok in a blog post, on the pretext that it is “in an individual position to rebuild Tiktok algorithm without creating a monopoly.”
“Any acquisition of a consortium from investors can actually maintain control of algorithm, while any acquisition by one of the competitors is likely to create a monopoly in the video space and short information space,” said Perplexity in its post.
The company said it will reshape the Tiktok algorithm and ensure the development and preservation of infrastructure in “American databases with American supervision, ensuring compatibility with local privacy standards and systems.”
Among the other potential showcases is a consortium organized by billionaire businessman Frank McCort, who recently employed the co -founder of Reddit Alexis Ohanian as a strategic consultant. Consortium investors say they have offered $ 20 billion in cash for the American Tiktok platform. Jesse Tinsley, the founder of Payroll, says he has also organized a union and offers a bytedance more than $ 30 billion to the platform. Red Rasner, the owner of the small Wyoming company, Red Redner, has announced that he had provided nearly $ 47.5 billion.
The FBI and the Federal Communications Committee have warned that bytedance can share user data – such as browsing history, location and vital knowledge – with the authoritarian government in China. Tiktok said he never did so and will not do it if he asked for it. The United States government has not provided evidence of this.
Trump has millions of followers on Tiktok and has strengthened the TrendSetting platform by helping him to gain traction among young voters.
During his first term, he took a more skeptical look at TIKTOK and issued executive orders that prohibit dealing with bytedance as well as the owners of the Chinese messaging application.
This story was originally shown on Fortune.com
2025-04-02 21:04:00
