Perplexity AI submits proposal to merge with TikTok, give half to US government: report

Category: Business

Perplexity AI has proposed a merger with TikTok's parent company ByteDance, suggesting a new US holding company called 'NewCo' that would allow the US government to own up to half of TikTok after an IPO. This proposal comes amid concerns of a national ban on TikTok, with the Trump administration exploring options to save the app. The deal would involve ByteDance selling TikTok US to new investors while retaining its core recommendation algorithm.

Keywords: Perplexity AI, TikTok, merger proposal

Source: New York Post

Update At: 1/28/2025

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