Amazon bids to buy TikTok ahead of deadline
Amazon submitted a last-minute bid to buy the entirety of short-form video app TikTok, the New York Times reported Wednesday, citing three people familiar with the offer.
U.S. President Donald Trump on Wednesday will consider a final proposal related to TikTok ahead of an April 5 deadline for the app to find a non-Chinese buyer or face a ban at home, a White House official told Reuters on Tuesday.
Amazon shares were up 1.3% on a volume rally after the report.
Several parties involved in the talks do not appear to be taking Amazon’s offer seriously, the New York Times said.
The proposal came via an offer letter addressed to the vice president, J.D. Vance, and Commerce Secretary Howard Lutnick, the report added.
