Simply as TikTok was about to face one other ban in america on its April 5 sale deadline, Amazon has reportedly positioned a last-minute bid to amass the favored Chinese language-owned video app, based on the New York Occasions.
“Numerous events who’ve been concerned within the talks don’t seem like taking Amazon’s bid significantly,” per three individuals aware of the matter. The alleged bid arrived within the type of a letter despatched to Vice President JD Vance and Commerce Secretary Howard Lutnick, the report added.
Neither Amazon nor TikTok has commented on the subject, although shares in Amazon climbed 1.3% instantly following the information, per Reuters.
President Donald Trump is scheduled to satisfy with White Home officers on Wednesday to debate the way forward for TikTok. These talks embrace a possible deal to pool a number of American traders, together with Oracle and Blackstone, to steer round a proper sale, based on the New York Occasions‘ sources aware of the matter.
Amazon is simply the most recent retailer to precise a proper curiosity in buying the social media firm. Microsoft and Walmart positioned a bid on the corporate again in 2020, when ByteDance was initially pressured to promote TikTok to an American proprietor.
