Jeff Bezos-backed Perplexity AI has proposed merging with TikTok's U.S. operations, offering the U.S. government a 50% stake via a $300 billion IPO while allowing ByteDance to retain ties without the proprietary recommendation algorithm.

By merging with the U.S. arm of TikTok, Perplexity could emerge as a stronger search rival to Alphabet, a potential blow to Google stock.

(L-R) Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, and Sundar Pichai at the inauguration ... order today that will extend the deadline for ByteDance, the app’s China-based owner, to divest ...

Shou Chew will join tech moguls like Mark Zuckerberg and Elon Musk at President-elect Donald J. Trump’s inauguration as the fate of the app hangs in the balance.

The personal net worth of just three of these people combined (Mark Zuckerberg, Jeff Bezos, and Elon Musk ... and is connected with ByteDance owner Zhang Yiming ‒ the world's 32nd richest ...

TikTok CEO Shou Chew is expected to accept an invitation from President-elect Donald Trump to attend his inauguration.

Founded in 2012, ByteDance is a Chinese internet technology company behind the apps TikTok, its Chinese counterpart Douyin, and news platform Toutiao. It also owns the video game developers and publishers Moonton Games and Nuverse, and the enterprise ...

As TikTok faces a potential ban, various bidders, including Elon Musk and Larry Ellison, are key contenders to buy the platform. Meanwhile, Netflix remains a possible option among streaming giants, though the company has not historically pursued major acquisitions.

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.

As TikTok faces a potential ban, various bidders, including Elon Musk and Larry Ellison, are key contenders to buy the platform. Meanwhile, Netflix remains a possible option among streaming giants, though the company has not historically pursued major acquisitions.

BEIJING (Reuters) - ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.

TikTok’s Chinese parent company has just over two months to find a buyer for the app’s US business or face a nationwide ban, after getting a time extension from President Donald Trump.  There is already competition to own it.