These are the rumored and potential buyers for the platform as a ban looms.
The deadline for TikTok to sell the app’s U.S. operations is looming, and the app that is used by one-third of Americans could be banned.
In January, the U.S. Supreme Court upheld a federal law that required ByteDance, TikTok’s China-based parent company to sell its operations or face a nationwide ban. The ban later went into effect and the Chinese-owned app stopped working for Americans for about 12 hours. President Donald Trump signed an order that delayed the enforcement of the ban for 75 days until April 5.
With the deadline to sell a day away, here’s what we know about the rumored potential buyers of the platform.Why It Matters
The justices ruled that TikTok’s ties to China pose significant national security risks, outweighing concerns about free speech for the app and its 170 million American users.Who Could Buy TikTok?
Trump has appeared confident that a deal will come before the deadline and said at Air Force One on Sunday that they have « a lot of potential buyers » and that there is « tremendous interest in TikTok », according to Reuters.
There have been multiple reports of prominent bidders for the platform’s U.S. operations. Here are some of the names that have been reported.Amazon
Amazon has made a bid for all of TikTok, according to three unnamed people familiar with the bid who were cited by The New York Times.AppLovin
AppLovin, a publicly traded company has made an offer for TikTok. In a statement shared with Newsweek,AppLovin co-founder and CEO Adam Foroughi said: « We have a deal that can provide a win for the Trump Administration and for the creators of TikTok.
