Amazon makes last-ditch bid for TikTok as Trump's deadline approaches
Source: The Independent
Wednesday 02 April 2025 17:57 BST
Amazon has made a last-minute offer to buy TikTok days before President Donald Trump’s Saturday deadline, according to reports. The online retail giant offered to acquire the social media platform Wednesday in a letter addressed to Vice President JD Vance and Commerce Secretary Howard Lutnick, the New York Times reported. A source familiar with the matter confirmed to The Independent that Amazon made a bid for TikTok.
Those involved in talks to find a new owner for the app do not appear to be taking the bid seriously, the outlet reported. Amazon declined to comment when contacted by The Independent.
Days before Trump took office in January, the Supreme Court upheld a law forcing the short-form video app beloved by 170 million users to either divest from its China-based parent company ByteDance or face a ban in the United States due to national security concerns. On his first day in the White House, the president signed an executive order granting a 75-day reprieve to allow his administration to“determine the appropriate course of action.” That deadline Saturday (April 5).
Now, his administration is finalizing plans for a long list of potential investors and venture capital firms that includes investment management company Blackstone and software giant Oracle, CBS News reported.
Read more: https://www.independent.co.uk/news/world/americas/us-politics/trump-tiktok-final-deal-amazon-bytedance-b2726203.html
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