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Bid for TikTok could give US Government a 50% stake
Perplexity offers updated bid for TikTok, allowing 50% US government stake
Perplexity AI has submitted an updated proposal to merge with TikTok that would allow the U.S. government to take a 50 percent stake in the newly formed company, a source familiar confirmed to The
New TikTok Bid Could Give US Government 50% Stake
The revised proposal allows for a new structure merging Perplexity AI and TikTok's U.S. business. The U.S. government could acquire up to a 50 percent nonvoting stake after a public offering valued at $300 billion or more. ByteDance would maintain equity in the new entity but cede control to a U.S. board.
New bid for TikTok from Perplexity AI could give US government 50% stake
WASHINGTON (AP) — 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.
Hosted on MSN
6d
Who Is TikTok’s CEO And What’s His Net Worth?
Shou Zi Chew, CEO of TikTok, is at the center of one of the most debated tech platforms in the world. Born and raised in ...
6d
TikTok CEO Seated Next to Intelligence Pick Tulsi Gabbard at Inauguration
TikTok’s CEO Shou Zi Chew was seated next to Tulsi Gabbard, President Trump’s nominee to be the director of national ...
New York Post on MSN
11d
TikTok CEO plans to attend Trump inauguration as president-elect weighs options to ‘save’ app ahead of US ban
TikTok CEO Shou Zi Chew is reportedly planning to attend President-elect Trump’s inauguration ceremony on Monday – even as ...
11d
TikTok CEO to attend inauguration with front-row seat at Trump's invite
TikTok CEO Shou Chew is expected to accept an invitation from President-elect Donald Trump to attend his inauguration.
2h
If Perplexity AI Can’t End The TikTok Ban, Here’s What Brands Can Do
Whether TikTok stays with Perplexity AI's backing or goes, without that juicy algorithm ByteDance doesn’t seem willing to ...
10d
on MSN
TikTok CEO praises Trump in video statement reacting to the Supreme Court upholding ban: 'More to come'
With the ban upheld by the Supreme Court and the Biden administration leaving, TikTok CEO Shou Zi Chew is banking on Trump to ...
7d
on MSN
TikTok CEO Joins Trump’s Inauguration With App’s Future in Doubt
TikTok Chief Executive Officer Shou Chew attended President Donald Trump’s inaugural events in Washington, appearing at a ...
6d
on MSN
TikTok Ban Live Updates: Trump Halts Ban For 75 Days—After CEO Attends Inauguration
The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.
7d
Trump’s New Tech Friend: TikTok CEO Shou Chew
Perhaps the least well-known of the tech chief executives in attendance is also the most surprising: TikTok CEO Shou Chew. In ...
Hosted on MSN
3d
‘TikTok CEO after hearing Kai’: X users react hilariously as Kai Cenat says he tried saving TikTok but got hung up on
Kai Cenat never fails to amuse fans with his quirky claims and hilarious storytelling skills! Recently, he claimed that he ...
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