Amazon Adds 11th Hour Intrigue to TikTok Acquisition Drama
Trump faces an April 5 deadline for ByteDance to find a buyer for TikTok’s US operations or see the app banned in the country.
Photographer: Gabby Jones/BloombergTakeaways NEW
Days before an April 5 deadline for TikTok to find a buyer or get shut out of its biggest market, the list of potential outcomes for the video app got a lot longer.
Amazon.com Inc. became the latest big name to jump into the fray, submitting a bid to the White House to buy out a business once valued at $60 billion. Lesser-known AppLovin Corp. is also reportedly seeking backing for its own takeover bid. The pair lengthen an already eclectic list of potential owners of the ByteDance Ltd. app at the nexus of US-China tensions.