Amazon Makes Last-Minute Bid for TikTok [Report]

Amazon has entered the fray to acquire TikTok, submitting a last-minute bid for the popular video app as it nears a critical deadline, according to a report from The New York Times. With TikTok facing an April 5 cutoff to separate from its Chinese owner, ByteDance, or be banned in the U.S., the move underscores the intense scramble over the app's future. The details come from three sources familiar with the situation.The bid, outlined in a letter to Vice President JD Vance and Commerce Secretary Howard Lutnick, arrives amid skepticism. Sources indicate that various parties involved in the discussions aren't taking Amazon's offer seriously. Still, it marks a notable play by the e-commerce giant as Washington wrestles with TikTok's ownership, a saga driven by bipartisan national security concerns tied to its Chinese roots.Last year, U.S. lawmakers passed a law forcing TikTok's sale, originally set to take effect in January. President Trump, despite voicing intent to preserve the app, pushed the deadline to Saturday, April 5. He's scheduled to meet with White House officials today to weigh options, which could include a deal involving U.S. investors like Oracle and Blackstone, though it's uncertain if this would meet legal requirements.Continue ReadingSpotlight Deal:Nomad Goods Launches 15% Sitewide Sale for 48 Hours Only [Deal]Share Article:Facebook, Twitter, LinkedIn, Reddit, EmailFollow iClarified:Facebook, Twitter, LinkedIn, Newsletter, App Store, YouTube

Apr 2, 2025 - 20:29

Amazon Makes Last-Minute Bid for TikTok [Report]

Amazon has entered the fray to acquire TikTok, submitting a last-minute bid for the popular video app as it nears a critical deadline, according to a report from The New York Times. With TikTok facing an April 5 cutoff to separate from its Chinese owner, ByteDance, or be banned in the U.S., the move underscores the intense scramble over the app's future. The details come from three sources familiar with the situation.

The bid, outlined in a letter to Vice President JD Vance and Commerce Secretary Howard Lutnick, arrives amid skepticism. Sources indicate that various parties involved in the discussions aren't taking Amazon's offer seriously. Still, it marks a notable play by the e-commerce giant as Washington wrestles with TikTok's ownership, a saga driven by bipartisan national security concerns tied to its Chinese roots.

Last year, U.S. lawmakers passed a law forcing TikTok's sale, originally set to take effect in January. President Trump, despite voicing intent to preserve the app, pushed the deadline to Saturday, April 5. He's scheduled to meet with White House officials today to weigh options, which could include a deal involving U.S. investors like Oracle and Blackstone, though it's uncertain if this would meet legal requirements.

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