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Investor's Business Daily on MSNWhite House Close To Approving Sale Of TikTok's U.S. Business To Investors: ReportThe White House is close to approving a deal that would allow a group of investors to buy a stake in TikTok's U.S. operations, according to a report from the Financial Times. The reported deal to avoid a potential TikTok ban comes days before a deadline.
Amazon has submitted a bid to acquire all of TikTok, according to a new report from The New York Times. The last-minute bid comes as TikTok faces an April 5 deadline to shed its Chinese ownership or face a ban in the U.
The White House has examined a menu of options to avert a TikTok ban deadline set for Saturday. One proposal — letting TikTok’s Chinese owner lease the algorithm to a TikTok spinoff in the U.S. — would probably face resistance from China hawks in Trump’s party.
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Adweek on MSNHere Are All the Companies Reportedly in the Running To Buy TikTok Ahead of the Deadline"It does not feel like these are serious bids for TikTok," said David Arslanian, managing director of Progress Partners.
Amazon reportedly submitted a last-minute bid to acquire TikTok ahead of the April 5 US deadline for ByteDance to divest or face a ban. The White House confirmed receiving the offer, but key negotiators reportedly doubt its seriousness.
News of the offer emerged as Trump prepared to meet with senior officials to review the approaching cutoff for TikTok's sale.
Menlo Park-based venture capital firm Andreessen Horowitz is reportedly looking to get in on a TikTok deal. Here are the potential players vying for a slice of the social media app's business ahead of a looming deadline.
Amazon.com has put in a last-minute bid to buy TikTok, the New York Times reported on Wednesday, citing three people familiar with the offer, days ahead of a deadline the short-form video app is staring at to find a non-Chinese buyer or face a U.S. ban.
Amazon has made a late bid to purchase TikTok, a person familiar with the ongoing White House-led discussions told NBC News.