Amazon unexpectedly offers to buy TikTok

The move comes as TikTok faces an April 5 deadline to divest its Chinese ownership or face a ban in the U.S. However, the parties involved in the negotiations appear to have taken Amazon’s offer with a grain of salt, The New York Times reported.

Amazon unexpectedly made an offer to buy TikTok. Photo: Getty Images

President Donald Trump is expected to meet with officials to discuss the fate of the app this week. Earlier this week, Trump said a deal between TikTok’s parent company ByteDance to sell the app would be completed by the April 5 deadline.

On April 1, the Financial Times reported that venture capital fund Andreessen Horowitz is in talks to invest in TikTok, part of an Oracle-led bid to acquire TikTok, with the participation of several other US investors.

Last week, Reuters reported that private equity firm Blackstone was considering joining non-Chinese shareholders of ByteDance, led by Susquehanna International Group and General Atlantic, to provide additional capital to bid for TikTok's U.S. operations.

TikTok is a short-form video platform owned by Chinese tech company ByteDance that launched in 2016 and quickly became a global phenomenon. As of early 2024, TikTok had more than 1 billion monthly active users worldwide, according to Statista.

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(Translated and compiled by TechCrunch)

Source: https://baodongnai.com.vn/tin-moi/202504/amazon-bat-ngo-de-nghi-mua-lai-tiktok-9c51955/