AppLovin and Amazon Emerge
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Amazon and AppLovin have reportedly submitted bids to buy TikTok, ahead of a U.S. ban set to go into effect this weekend if no deal is reached with the app's Chinese parent company.
From Investopedia
President Trump signing another executive order effectively extending the deadline for the company to find US buyers by another 75 days.
From Engadget
Some political officials have seen TikTok as a national security threat for years, expressing concern that ByteDance may be sharing U.S. user data with the Chinese government.
From USA Today
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AppLovin has joined the last-minute race to buy TikTok before Trump's April 5 deadline. It has lots of competition.
Meanwhile, a separate group led by OnlyFans founder Tim Stokely is also said to be exploring a bid, underscoring the fierce competition to take over TikTok’s global business. AppLovin’s announcement comes during a turbulent time for the company. According to Benzinga Pro, APP stock has lost over 19% in the past year.
TikTok ban deadline looming as Amazon, AppLovin and more TikTok bids announced. Will Bytedance, Trump strike deal to save TikTok in US? What to know
Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by the U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans.
The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance.
Cryptocurrency foundation Hbar and Zoop, a startup led by Tim Stokely, the co-founder of OnlyFans, submitted a plan to buy TikTok to the White House, according to USA Today.
AppLovin (APP) has reportedly joined the bidding war to acquire TikTok from ByteDance before the short-form video app is banned in the U.S. on
AppLovin (APP), a mobile marketing and gaming company, has unexpectedly emerged as a bidder for TikTok. According to CNBC‘s David Faber, citing
AppLovin confirms its bid but denies Steve Wynn's involvement as the platform faces an April 5 ban deadline. - Applovin, Mobile technology company AppLovin confirmed it has a deal in place to potentially acquire TikTok but refuted reports that casino mogul Steve Wynn was involved in the bid,