President Trump held the mother for a TIKK agreement despite expectations for a big announcement – but the fresh bidder including Amazon appeared with surprise offers to buy the app ahead of Saturday.
Amazon-whose billionaire Jeff Bezos has recently cultivated closer links with Trump-presented a late-minute offering letter addressed to Vice President JD Vance and Trade Secretary Howard Lutnick, according to reports.
The White House confirmed the bid receipt on Wednesday. Other details, such as the value of the Amazon proposal dollar, were not revealed.
However, the main parties involved in negotiations for a possible Tiktok sale “does not seem to be taking Amazon’s offer seriously,” according to the New York Times, who first reported the story.
Amazon refused to comment. Representatives for Tiktok did not immediately return the post for commentary request.
The Mobile Applovin technology firm also presented an attempt to buy Tiktok, as well as a group that includes only the founder of my fames Stokely, according to reports.
Trump on Wednesday afternoon completed an hour’s long -term address in connection with his reciprocal tariff plan without addressing a possible TIKTOK sale.
However, the President was planned to meet with the main advisers – including Vance, Lutnick, National Security Advisor Mike Waltz and the Director of National Intelligence Tulsi Gabbard – to discuss a final proposal that has taken shape.
According to the Trump administration proposal, a new group of American investors-potentially including Andreessen Horowitz and Blackstone Group-will own about 50% of a “tiktok america” and licenses the current Algorithm from China-based bynance, reported on Wednesday.
Existing American company investors-including Atlantic General Susquehanna, KKR and Coatue-will own about a third of the company.
Bytedance will hold a 19.9% ownership share in Tiktok – just below the 20% threshold limiting Chinese ownership described in Congress Law. Trump will claim to Congress that the structure meets the mandated Congress standard for a “qualified shift”.
However, it remains unclear whether that structure would gain support from China Hawks as the Republican Chairman of the Intel Committee of the Senate Tom Cotton, who has argued by bytedance and Beijing should not have to do with the application that goes ahead.
Trump has until Saturday to find an acceptable buyer for Tiktok after issuing an executive order by delaying the implementation of a federal law that banned the app unless Bytedance left. The president may choose to extend the deadline if the terms are not completed.
Congress and Feds say Tiktok is a threat of national security until China is no longer involved in its operations. The app has more than 170 million US users.
The post reported last month that existing US investors in Tiktok Parent Bytedance were seeking to gain greater shares as part of the proposed delivery.
Oracle, who already serves as the leading partner of TIKK’s Cloud calculation, is expected to take on an increased role to ensure that his algorithm is safe from manipulating and managing US users’ data.
New investors approached to contribute to the agreement and to help buy Chinese investors, FTA reported on Tuesday.
Trump still needs approval by the Chinese government, which initially pledged to fight any forced sales, but has recently mitigated its positions.
The president has sailed the opportunity to give China some fee vacation in exchange for a Tiktok Agreement.
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