Amazon.com has put in a last-minute provide to purchase all of short-form video app TikTok, the New York Occasions reported on Wednesday, citing three individuals conversant in the bid.
US President Donald Trump will contemplate on Wednesday a remaining proposal associated to TikTok forward of an April 5 deadline for the app to discover a non-Chinese language purchaser or face a ban within the nation, a White Home official informed Reuters on Tuesday.
ByteDance and TikTok didn’t instantly reply to Reuters’ requests for remark, and Amazon declined to reply.
Shares of Amazon rose 1.3% in a quantity spike after the report.
Numerous events who’ve been concerned within the talks don’t seem like taking Amazon’s bid significantly, the New York Occasions stated.
The bid got here through a suggestion letter addressed to Vice President JD Vance and Commerce Secretary Howard Lutnick, the report added.
The way forward for the app utilized by almost half of all Individuals has been up within the air since a 2024 legislation, handed with overwhelming bipartisan help, required ByteDance to divest TikTok by January 19.
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Washington says TikTok’s possession by ByteDance makes it beholden to the Chinese language authorities, and Beijing might use the app to conduct affect operations towards america and accumulate knowledge on Individuals.
Trump, after taking workplace for a second time period on January 20, signed an government order searching for to delay by 75 days the enforcement of the legislation, permitting TikTok to proceed its operations within the US quickly.
Since then, a number of events have reportedly expressed curiosity in TikTok, with Trump saying final month that his administration was in contact with 4 completely different teams concerning the sale of the platform.