Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% ...
If the plan is successful, the shares of TikTok owned by the government would not have voting power, the person said.
ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.
The Trump administration is denying it, but Trump previously said he'd like to see the software company take it over.
Earlier this month, Bloomberg reported that China was considering a TikTok sale to Elon Musk, the world's richest man and a ...
TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a ...
ByteDance (BDNCE) board member Bill Ford said the TikTok parent is exploring a deal to keep the short video app running in America without selling its operations there.