The Battle for TikTok: From Amazon to OnlyFans Founder’s Bid
The race to acquire TikTok has intensified, with multiple high-profile entities entering the fray. Amazon has reportedly made a significant bid for the popular social media platform, signaling its intent to expand its digital footprint beyond e-commerce. Meanwhile, the founder of OnlyFans, a subscription-based content platform, has also thrown his hat into the ring, expressing a keen interest in purchasing TikTok.
Amidst these developments, former President Donald Trump is maneuvering to influence the deal, aiming to leverage his political clout. Trump's involvement adds a layer of complexity to the negotiations, as China, the home country of TikTok's parent company ByteDance, remains silent but watchful on the sidelines.
The potential acquisition of TikTok by any of these parties could have significant implications for the global tech landscape, affecting everything from data privacy to content moderation policies. As the bidding war heats up, the world watches to see who will ultimately take control of one of the most influential social media platforms of our time.
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Did Amazon offer to buy TikTok?
Amazon.com Inc. has submitted a bid to the White House to buy out TikTok, a business once valued at $60 billion. Other potential owners of TikTok include AppLovin Corp., Oracle Corp., Blackstone Inc., and a group led by billionaire Frank McCourt and Reddit co-founder Alexis Ohanian.
Who owns TikTok in America?
Under Trump's proposal, TikTok America would be roughly 50% owned by new U.S. investors and license TikTok's algorithm from ByteDance, the person said. Existing investors in ByteDance would have a roughly one-third stake in the new company, while ByteDance would retain a 19.9% stake.
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