Amazon enters last-minute bid to purchase TikTok before deadline
US President Donald Trump is set to review a “final proposal” regarding the sale of the US operations of Chinese social media platform TikTok, The Guardian has reported.
The move comes as the 5 April deadline approaches for the app to secure a non-Chinese buyer or face a ban.
ByteDance, the Beijing-based parent company of TikTok, was directed by an executive order signed by Trump to sell its US operations by April 5 or shut down in the country.
The White House is reportedly in the final stages of negotiating a deal that could involve US-based investors, with tech giant Oracle and private equity firm Blackstone among the potential buyers.
E-commerce giant Amazon put in a last-minute bid to buy TikTok days before the April 5 deadline for the company to find a non-Chinese buyer or shut down in the United States. President Donald Trump is still weighing his top choice as other suitors line up with offers, despite ByteDance never publicly stating that it is willing to sell the popular app.
The White House confirmed Amazon has made a last-minute bid to buy TikTok, as the Chinese company behind the app, ByteDance, has a deadline on Saturday, April 5th, to change its ownership.
With information from The Guardian
TYT Newsroom
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