Perplexity AI Proposes New Merger with TikTok Amid U.S. Ownership Concerns

Perplexity AI has revised its merger proposal with TikTok to allow U.S. government ownership of up to 50% of a new entity after an IPO.

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Perplexity AI revises Tiktok merger proposal that could give the U.S. government a 50% stake

CNBC

Artificial Intelligence Company’s Bid for TikTok Could Give American Government a 50 Percent Stake in New Company

New York Sun

New bid for TikTok from Perplexity AI could give US government 50% stake

Associated Press

Overview

A summary of the key points of this story verified across multiple sources.

Perplexity AI submitted a revised proposal to merge its operations with TikTok’s U.S. business, allowing the U.S. government to hold up to 50% post-IPO. This plan comes amid concerns over TikTok's ownership structure and potential security risks associated with Chinese control. Perplexity aims to create a new entity that maintains ties with ByteDance while ensuring U.S. oversight, reflecting adjustments based on feedback from the Trump administration. The proposal underscores a broader interest from U.S. investors as the deadline for TikTok's ban approaches. President Trump indicated a decision on TikTok's future might come soon.

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