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Amazon reportedly submits last-minute bid to acquire TikTok
Amazon has submitted a last-minute bid to acquire TikTok, according to a report in The New York Times.
President Donald Trump is scheduled to meet with officials to discuss the app’s fate on Wednesday. Trump said earlier this week that a deal with TikTok’s parent company ByteDance to sell the app will be finalized before the April 5 deadline. Last week, Reuters reported that private equity firm Blackstone is considering joining ByteDance’s current non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in providing fresh capital to bid for TikTok’s U.S. operations.
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