There was a rumor that was floating around that Elon was trying to buy it, but Tiktok denied those claims.
There’s now reports that Oracle and Microsoft are planning to purchase Tiktok, however, only time will tell what happens.
Where Oracle will run Tiktok’s global operations and Microsoft will invest.
TikTok has less than 75 days to make a deal.
www.theverge.com
Perplexity has also proposed a merger with Tiktok.
Perplexity AI on Sunday revised the merger proposal it had submitted to TikTok parent ByteDance. The proposal, which would create a new entity combining Perplexity and TikTok U.S., would now also allow for the U.S. government to own up to 50% of the new company upon a future IPO, CNBC has learned.
A proposal document viewed by CNBC, which was shared with ByteDance and prospective new investors, detailed the creation of a new U.S. holding company, “NewCo.”
The document proposes ByteDance contribute TikTok U.S., minus its core recommendation algorithm, in exchange for the company’s existing investors receiving equity in the new company. Perplexity AI would offer itself up in exchange for its own investors receiving a distribution of the NewCo equity.