Amazon Submits Last-Minute Bid for TikTok Amid Ban Deadline
Amazon has made a bid to acquire TikTok just before a U.S. ban deadline, raising questions about national security and ownership of the platform.
Subscribe to unlock this story
We really don't like cutting you off, but you've reached your monthly limit. At just $5/month, subscriptions are how we keep this project going. Start your free 7-day trial today!
Get StartedHave an account? Sign in
Overview
With the deadline for TikTok's potential U.S. ban approaching on April 5, Amazon has submitted a bid to acquire the app from its Chinese owner, ByteDance. The Trump administration has been considering bids from various companies, including AppLovin and a startup co-led by the founder of OnlyFans. The urgency arises from national security concerns related to data privacy and ownership of the popular platform. Lawmakers have urged for a non-Chinese buyer, but negotiations with ByteDance remain uncertain as the deadline looms.
Report issue
Read both sides in 5 minutes each day
Analysis
- Amazon has submitted a bid to acquire TikTok as the platform faces a potential ban due to national security concerns regarding its Chinese ownership.
- There are multiple contenders for TikTok, including tech companies and investment firms, as the U.S. government looks to mandate a divestiture before a looming deadline.
- The complexity of the situation arises as potential buyers like Amazon and Oracle express interest, but negotiations between ByteDance and the U.S. government remain unresolved.
Articles (6)
Center (5)
FAQ
No FAQs available for this story.
History
- This story does not have any previous versions.