TikTok, Amazon and Applovin
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USA TODAY |
Amazon submitted a bid for the app on Wednesday, according to Reuters and the New York Times.
The New York Times |
President Trump on Friday granted TikTok another reprieve by announcing he would extend the deadline for when the popular app had to make a deal to be separated from its Chinese owner, ByteDance, or ...
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Amazon.com (NasdaqGS:AMZN) recently captured headlines with a controversial bid to acquire TikTok amid heightened scrutiny from U.S. regulators, reflecting its push for strategic growth. Meanwhile, significant market turmoil marked by a 9% weekly plunge in the Nasdaq was influenced by a global trade war spurred by newly announced tariffs by the U.
New bidders have surfaced for a TikTok acquisition, including Jeff Bezos of Amazon and OnlyFans founder Tim Stokely.
Donald Trump signed an executive order today to extend ByteDance’s deadline to sell TikTok’s U.S. business, which was set to arrive on April 5. With that, the new deadline is set for June 19, 2025. In a post to Truth Social, Trump said the deal “requires more work to ensure all necessary approvals are signed,” and that progress has been made.