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.
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Coverage Details
Total News Sources0
Leaning Left17Leaning Right15Center50Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 21%
C 61%
R 18%
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