Perplexity AI revises Tiktok merger proposal that could give the U.S. government a 50% stake
- Perplexity AI revised its merger proposal with TikTok parent ByteDance to allow the U.S. Government to own up to 50% of the new company upon a future IPO.
- The U.S. Government could own up to half of the new structure once it IPOs at least $300 billion.
- Perplexity AI's valuation grew from roughly $500 million at the start of 2024 to about $9 billion by the end of the year.
- Perplexity AI has submitted a bid to ByteDance for the startup to merge with TikTok U.S.
169 Articles
169 Articles
IA: Perplexity signs its first partnership with a French media outlet with the publisher of Numerama
INFO LE FIGARO - The AI-powered search engine will share part of its advertising revenue with the online press group Humanoid, publisher of the Numerama and Frandroid sites.
Perplexity AI offers TikTok merger allowing US government to own a stake
Could the U.S. government end up owning half of TikTok? If the latest version of one revised bid goes through, it will become a real possibility. Outlets including Reuters and The Hill report that Perplexity AI, a U.S.-based search engine startup, is offering TikTok’s Chinese parent company ByteDance a proposal for a merger between Perplexity and TikTok U.S. Adding the 50% option lines the deal up with President Donald Trump’s stated goal of ens…
Trump Eyes TikTok Ownership Shift
Trump Eyes TikTok Ownership Shift U.S. President Donald Trump has forecasted robust interest from potential buyers of TikTok, a widely-used social media application, while emphasizing his preference for the exclusion of Chinese involvement.Addressing Republican lawmakers at his Doral golf club in Miami, Trump articulated his expectation for a U.S. ownership position in the platform.The President highlighted his vision for a joint venture where t…
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