Amazon and AppLovin Bid for TikTok Amid U.S.-China Tensions
Amazon and AppLovin have reportedly placed bids to acquire TikTok's U.S. operations as the deadline for ByteDance to divest its American assets looms. The bids come amidst escalating U.S.-China tensions and President Trump's push to ban TikTok unless it is sold to a U.S. company. Oracle has also been in discussions with TikTok, positioning itself as a potential buyer and tech partner.
These developments follow Trump's tariff relief proposal aimed at easing the acquisition of TikTok by a U.S. firm. However, the proposal has been met with skepticism, with many viewing it as a last-ditch effort to salvage the deal. The outcome of these bids could significantly impact the tech landscape and U.S.-China relations.
The situation underscores the broader geopolitical tensions between the U.S. and China, with technology and data security at the forefront of the debate. As the deadline approaches, all eyes are on TikTok and the potential buyers, with the future of the popular app hanging in the balance.
Related issues news
Who put a bid on TikTok?
WASHINGTON (AP) — Amazon has put in a bid to purchase TikTok, a Trump administration official said Wednesday, in an eleventh-hour pitch as a U.S. ban on the platform is set to go into effect Saturday.
Did Amazon bid on TikTok?
Amazon submitted a bid to the White House to purchase the social media app TikTok from its Chinese owners, CNBC has confirmed.
Who is buying TikTok in the US?
Amazon submitted a bid for the app on Wednesday, according to Reuters and the New York Times. Meanwhile, cryptocurrency foundation Hbar and Zoop, a startup co-led by the founder of OnlyFans, jointly submitted to the White House a plan to buy the app, company representatives confirmed to USA TODAY Wednesday.
Can you Like
