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Bid for TikTok could give US Government a 50% stake
New bid for TikTok from Perplexity AI could give US government 50% stake
WASHINGTON (AP) — Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter.
New TikTok Bid Could Give US Government 50% Stake
The revised proposal allows for a new structure merging Perplexity AI and TikTok's U.S. business. The U.S. government could acquire up to a 50 percent nonvoting stake after a public offering valued at $300 billion or more. ByteDance would maintain equity in the new entity but cede control to a U.S. board.
Perplexity AI’s new bid for TikTok could give U.S. 50% stake
Perplexity's plan would allow the U.S. to own up to half of the new entity once it makes an initial offering of at least $300 billion.
5d
TikTok CEO Seated Next to Intelligence Pick Tulsi Gabbard at Inauguration
TikTok’s CEO Shou Zi Chew was seated next to Tulsi Gabbard, President Trump’s nominee to be the director of national ...
5d
on MSN
TikTok Ban Live Updates: Trump Halts Ban For 75 Days—After CEO Attends Inauguration
The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.
9d
on MSN
TikTok CEO praises Trump in video statement reacting to the Supreme Court upholding ban: 'More to come'
With the ban upheld by the Supreme Court and the Biden administration leaving, TikTok CEO Shou Zi Chew is banking on Trump to ...
New York Post on MSN
11d
TikTok CEO plans to attend Trump inauguration as president-elect weighs options to ‘save’ app ahead of US ban
TikTok CEO Shou Zi Chew is reportedly planning to attend President-elect Trump’s inauguration ceremony on Monday – even as ...
11d
TikTok CEO to attend inauguration with front-row seat at Trump's invite
TikTok CEO Shou Chew is expected to accept an invitation from President-elect Donald Trump to attend his inauguration.
6d
Trump’s New Tech Friend: TikTok CEO Shou Chew
Perhaps the least well-known of the tech chief executives in attendance is also the most surprising: TikTok CEO Shou Chew. In ...
4d
on MSN
General Atlantic CEO says he is optimistic on TikTok deal in the US
The CEO of investment firm General Atlantic, a board member of TikTok's parent company, said on Thursday that he was ...
6d
TikTok CEO in Attendance, Too
TikTok CEO Shou Zi Chew was also in attendance. The company is grappling with the fallout of a law that banned the ...
9d
TikTok CEO Thanks Trump for ‘Commitment to Work With Us’ to Keep App Legal in U.S. After Supreme Court Upholds Ban
TikTok CEO Shou Zi Chew, in a video message posted to the platform after the Supreme Court ruling upholding the U.S. law that ...
11d
on MSN
TikTok CEO expected to attend Trump inauguration as ban looms
TikTok CEO Shou Zi Chew plans to attend President-elect Donald Trump's inauguration on Monday as the company confronts a new ...
Hosted on MSN
2d
‘TikTok CEO after hearing Kai’: X users react hilariously as Kai Cenat says he tried saving TikTok but got hung up on
Kai Cenat never fails to amuse fans with his quirky claims and hilarious storytelling skills! Recently, he claimed that he ...
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