New bid for TikTok from Perplexity AI could give US government 50% stake

Perplexity AI’s New Proposal Could Give U.S. Government a 50% Stake in TikTok
Perplexity AI has put forth a new proposal to TikTok’s parent company, ByteDance, which would allow the U.S. government to acquire up to a 50% stake in a newly formed entity that combines Perplexity with TikTok’s U.S. operations. This proposal, submitted last week, is a revised version of an earlier plan presented on January 18, just before the implementation of legislation banning TikTok in the U.S. The initial proposal, which has yet to receive a response from ByteDance, aimed to establish a new structure integrating the San Francisco-based Perplexity with TikTok’s U.S. business, alongside investments from various other investors.

For more details on this development, visit https://finance.yahoo.com/news/bid-tiktok-perplexity-ai-could-204229269.html.
#TikTok #PerplexityAI #ByteDance #USGovernment #BusinessProposal #Technology

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