Amazon has submitted a bid to acquire all of TikTok's rights, according to a report by The New York Times. TikTok must divest its Chinese ownership by April 5 or face a potential ban in the U.S., which has made Amazon's bid notable. However, parties involved in the discussions have stated that Amazon's offer is not being seriously considered.
President Trump is set to meet with relevant officials to discuss TikTok's future. Trump has previously stated that the deal with TikTok's parent company, ByteDance, is expected to be finalized by the April 5 deadline.
According to Financial Times, one day prior, Andreessen Horowitz was in talks to invest in TikTok as part of an offer led by Oracle, with several other American investors supporting the bid.
Last week, Reuters reported that private equity firm Blackstone is considering joining ByteDance’s current non-Chinese shareholders, including Susquehanna International Group and General Atlantic, to provide fresh capital to acquire TikTok's U.S. operations. These discussions are seen as playing a significant role in determining TikTok's future.
