Amazon Bids for TikTok as U.S. Deadline Looms

Amazon has submitted a bid to acquire TikTok in its entirety, an unexpected move that comes just days before the April 5 deadline for the platform to divest its Chinese ownership or face a potential U.S. ban.

However, it has been noted that dealmakers involved do not appear to be taking Amazon’s bid seriously.

Meanwhile, former President Donald Trump is set to meet with officials on Wednesday to discuss the app’s future.

Earlier this week, Trump stated that a deal involving TikTok’s parent company, ByteDance, would be finalised before the looming deadline.

Read Also: Trump Confirms Talks with Groups on TikTok Sale

In a separate development, it was reported on Tuesday that venture capital firm Andreessen Horowitz is in discussions to invest in TikTok as part of an Oracle-led bid, which includes a coalition of American investors interested in acquiring the platform.

Additionally, it has been reported that private equity giant Blackstone is considering joining a group of ByteDance’s existing non-Chinese shareholders—led by Susquehanna International Group and General Atlantic—to provide new capital for a bid to secure TikTok’s U.S. operations.

With multiple bidders in the mix and the deadline fast approaching, TikTok’s fate in the U.S. remains uncertain.