Perplexity AI makes a new TikTok merger proposal

Category: Business

Perplexity AI has revised its TikTok merger proposal, aiming to create a new US holding company, NewCo, potentially 50%-owned by the US government. This entity would manage TikTok US operations, excluding its core algorithm, with an IPO allowing the government to acquire shares. Other companies, including Microsoft and Oracle, are also interested in TikTok US amid ongoing concerns about a potential ban and data privacy issues.

Keywords: TikTok, merger, Perplexity AI

Source: Kidscreen

Update At: 1/28/2025

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