Perplexity AI offers TikTok merger allowing US government to own a stake

Category: Business

Perplexity AI has proposed a merger with TikTok U.S., potentially allowing the U.S. government to own up to 50% of the app. This aligns with President Trump's goal for U.S. ownership, although the government would not have voting power or board seats. The deal would permit existing investors to retain stakes, and TikTok's recommendation technology would remain with ByteDance. Other bids are also in play, including offers from Frank McCourt and Jesse Tinsley.

Keywords: TikTok, Perplexity AI, U.S. government ownership

Source: Straight Arrow News

Update At: 1/28/2025

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