🖼 🛒 Amazon unexpectedly joins the TikTok bidding war before the deadline. According to US government officials, as the deadline for TikTok to find a non - Chinese buyer by April 5th or face a US ban approaches, the e -...

🛒 Amazon unexpectedly joins the TikTok bidding war before the deadline

According to US government officials, as the April 5 deadline for TikTok to find a non - Chinese buyer or face a US ban loomed, e - commerce giant Amazon has submitted a last - minute acquisition bid. The US President is expected to discuss TikTok's final fate soon. Amazon's entry makes it the latest bidder after potential buyers such as Blackstone and Andreessen Horowitz (reportedly in partnership with Oracle). Concerned about data risks and potential impacts that TikTok's Chinese parent company ByteDance may bring due to national security considerations, the US government previously required through legislation the divestiture of TikTok's US business. After the news broke, Amazon's share price rose by 1.3%. However, the New York Times was the first to report that some parties involved in the negotiations did not seem to take Amazon's bid seriously.

(Reuters)

via Teahouse - Telegram Channel