Tick-tock, goes the deadline: Amazon reportedly threw its hat in the ring with a last-minute bid to acquire all of TikTok. With the Sword of Damocles—an April 5 deadline to sever ties with its Chinese ownership or face a U.S. ban—hanging over the app, the stakes are high.
The New York Times reports those involved aren’t exactly holding their breath over Amazon’s offer. The clock is ticking, and TikTok’s fate is set to be a topic of discussion in a Wednesday meeting with President Trump, who stated earlier this week that a deal with the app’s parent company, ByteDance, will be finalized by April 5.
Before Amazon’s play, Financial Times noted Tuesday that Andreessen Horowitz was in talks to invest in TikTok as part of an Oracle-led bid that includes other American investors.
Adding another layer to the saga, Reuters reported last week that Blackstone is weighing the option of teaming up with ByteDance’s current non-Chinese shareholders, spearheaded by Susquehanna International Group and General Atlantic, to inject fresh capital into a bid for TikTok’s U.S. operations.
