Amazon Makes Last-Minute Bid to Acquire TikTok
The post Amazon Makes Last-Minute Bid to Acquire TikTok appeared on BitcoinEthereumNews.com.
Others Amazon has submitted a late offer to acquire TikTok, the popular video app, as it faces a looming April deadline. The deadline mandates TikTok’s separation from its Chinese owner or risk a potential ban in the United States. According to sources familiar with the bid, the offer was made via a letter addressed to key U.S. officials, including Vice President JD Vance and Commerce Secretary Howard Lutnick. Bid Faces Skepticism in Washington Despite Amazon’s involvement, insiders indicate that the bid is not being taken seriously by many parties involved in the discussions. The move highlights the intense political and legal maneuvering surrounding TikTok’s ownership. National security concerns over the app’s ties to China have fueled the push to force a sale, a law that was supposed to take effect in January but was delayed by President Trump. Possible Alternatives to a Formal Sale Discussions have also centered on a potential deal involving U.S. investors like Oracle and Blackstone, potentially avoiding a full sale of TikTok. However, it remains uncertain whether such an arrangement would meet the legal requirements outlined by federal law. Amazon’s Role in TikTok’s U.S. Operations Amazon has existing ties to TikTok, particularly through the app’s retail ecosystem. Influencers on TikTok often recommend products sold on Amazon, earning commissions for sales. While Amazon once attempted to create a TikTok-like feature called Inspire, it failed to attract significant traction and was removed earlier this year. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news…
Filed under: News - @ April 2, 2025 4:28 pm