Perplexity & Oracle/Microsoft among the companies in talks to acquire TikTok in the U.S

Perplexity & Oracle/Microsoft among the companies in talks to acquire TikTok in the U.S

Following the temporary lifting of the U.S. ban on TikTok for 75 days, several U.S. companies have already shown interest in acquiring the app. Among them is Perplexity, which has submitted a revised proposal to merge with TikTok US and other investors. This proposal could grant the U.S. government up to 50% ownership after an IPO of at least $300 million, with ByteDance, TikTok's Chinese parent company, potentially retaining some ownership.

On the other hand, Oracle, currently managing TikTok's U.S. infrastructure, is also reportedly negotiating to take over U.S. operations together with Microsoft, which has rejoined acquisition talks after a failed attempt in 2020 (a period in which, ironically, it was Trump during his first term who promoted the platform’s ban in the U.S.).

National security concerns over TikTok’s ties to the Chinese Communist Party have forced the app into a sale to a U.S. company. The White House is now considering Oracle or Perplexity to acquire TikTok’s global operations, with ByteDance potentially keeping a minority stake, while U.S. operations remain at risk of shutdown or divestiture.

by Mauricio B. Holguin

BarnMTB
cz
Maoholguin
BarnMTB found this interesting
MORE ABOUT: #Social Networks#Video Sharing Tools#TikTok
TikTok iconTikTok
  38
  • ...

TikTok is a social network platform focused on short-video content, enhanced by music, catering to a new generation of creators. Users can effortlessly produce and share distinctive short videos, engaging with a global audience. Notable features include meeting new people, two-factor authentication, and a rewind button. Top alternatives to TikTok include Instagram, Loops by Pixelfed, and VK. TikTok has a user rating of 2.7.

Related news

All news about TikTok »

External links

Comments

BarnMTB
1

I'm from a 3rd party country outside of America, Europe, and China, already being spied on by both sides of the planet, and to me this just look like a pack of hungry wolves.

Now if some company outside of United States got lucky & made a popular product that Silicon Valley can't figure out how to compete with, they can just write a story to the media and lobby the US Government to see the product as a National Security Threat. Boom. I now own the product.

Why not compete & bring on the alternatives. Improve Reels, Shorts, etc. Not all social networks have to come from United States; there should be a balance of power between multiple sides. It's not like US companies are innocent in both influencing & restricting what people can talk.

UserPower
0

Oracle is just the perfect company to buy TikTok, Larry Ellison is on the way to be the CEO of the the biggest AI-based surveillance company ever (my updated profile picture is my complete support to him). Microsoft, being the biggest phones and browsers market loser, has always been too visionary to have missed the social networks revolution. But it's not too late, coupled with their AI agents gazillion dollars Azure-backed peta-computers, it could nice to see TikTok transformed into a giant hallucination place. Perplexity is bounds to limited computer power so would need the help of its most prominent investors, Amazon and Nvidia (the only two companies making money from AI) and may be tempted to launch a little bit too much AI experiments on an hundred millions users. Of course, none of theses scenarii would be much worse that the (very hypothetical) China inferences that has even banned free speech. Nope, none of them. Never.

Gu