Amazon.com has put in a last-minute bid to purchase TikTok, a US administration official stated on Wednesday (Apr 2), simply days forward of an Apr 5 deadline for the short-form video app to discover a non-Chinese language purchaser or face a ban within the nation.
US President Donald Trump is expected to discuss TikTok’s fate at an Oval Office meeting on Wednesday and contemplate a ultimate proposal associated to the app, a White Home official instructed Reuters on Tuesday.
Amazon declined to remark, whereas TikTok and its father or mother firm ByteDance didn’t instantly reply to Reuters’ requests for remark. Shares of Amazon rose 1.3 % in a quantity spike after the report.
The US tech and e-commerce big is the most recent title to pop up in a listing of reported consumers. Trump stated final month that his administration was in contact with 4 totally different teams concerning the sale of the platform, with out figuring out them.
Non-public fairness agency Blackstone is discussing becoming a member of ByteDance’s present non-Chinese language shareholders, led by Susquehanna Worldwide Group and Normal Atlantic, in contributing recent capital to bid for TikTok’s US enterprise, Reuters reported final week.
US enterprise capital agency Andreessen Horowitz can be in talks so as to add new outdoors funding that may buyout TikTok’s Chinese language buyers, as a part of a bid led by Oracle and different American buyers to carve it out of ByteDance, the Monetary Occasions reported on Tuesday.
