New TikTok Bid Could Give US Government 50% Stake
The revised proposal allows for a new structure merging Perplexity AI and TikTok's U.S. business. The U.S. government could acquire up to a 50 percent nonvoting stake after a public offering valued at $300 billion or more. ByteDance would maintain equity in the new entity but cede control to a U.S. board.
Perplexity AI Wants to Merge With TikTok, Give Government Half of the Company
TikTok, which faces the ticking clock of a ban enforcement, is being pursued by several suitors for a US merger or sale.
U.S. Government Could Own Half of TikTok’s U.S. Business Under New Plan
The latest plan for a TikTok buyout, by Perplexity AI, would give the U.S. government up to a 50% stake in the company’s domestic business.
Perplexity AI proposes TikTok merger with 50% U.S. government stake
Perplexity is seeking to create a new $300-billion public company with TikTok's U.S. business and include investments from other investors.
Perplexity AI revises TikTok proposal to give U.S. gov 50% stake, CNBC says
Perplexity AI revised the merger proposal it had submitted to TikTok parent, Hayden Field of CNBC reports. The proposal, which would create a
New bid for TikTok from Perplexity AI could give U.S. government 50 percent stake
If the plan is successful, the shares of TikTok owned by the government would not have voting power, the person said.
TikTok says it will ‘go dark’ unless it gets clarity from Biden following Supreme Court ruling
The Supreme Court has unanimously upheld the federal law banning TikTok beginning Sunday unless it’s sold by its China-based ...
White House calls TikTok’s vow to ‘go dark’ without Biden support ‘a stunt’
The White House on Saturday called TikTok’s statement warning that it will “go dark” on Sunday unless President Biden steps in a “stunt,” arguing the app doesn’t have to take action ...
‘It has changed my life’: Local content creators reacts to imminent TikTok ban
TikTok is expected to cease operations at midnight, and it’s causing lots of confusion and concern for its users and content ...
Opinion
The New Republic on MSN10dOpinion
Biden Suddenly Scrambles to Save TikTok
TikTok is reportedly prepared to shut down its app on Sunday, when the ban is scheduled to take effect, though the actual language of the law technically only mandates that the platform be taken off ...
12:30 Report — Pelosi joins Michelle Obama in skipping Trump ceremony
REPORT It’s Thursday. Do you want the good news or the bad news about Inauguration Day? The good news is that it’ll be sunny!
TikTok thanks Trump after it begins restoring service to US users
TikTok said Sunday it's "restoring service" after a ban in the United States initially began to take effect earlier in the day.
What will happen to TikTok on Apple and Google’s app store on Sunday?
With President-elect Trump adding uncertainty around whether a TikTok ban will go into effect, the focus is now turning to ...
Cape and Islands NPR7d
TikTok is back online in the U.S., following Trump's promise to pause the ban
The president-elect said he will issue an executive order Monday to delay the ban while he brokers a sale. The app has ...
Kenosha News7d
From backing a ban to being hailed as a savior: Inside Trump's TikTok shift
During his first term as president, Donald Trump led the effort to ban TikTok. But as he returns to the White House, he's ...
Inside TikTok’s frantic scramble to halt U.S. ban
There were 36 hours of mad frenzy as TikTok executives and lawyers sought and failed to get a last-minute reprieve from Biden ...