SMRTR TechApr 2, 2025PYMNTS

Could Amazon Become TikTok’s New Owner?

SMRTR summary

Amazon made a late bid for TikTok, close to ByteDance's divestment deadline to avoid a ban. The offer wasn't taken seriously by negotiators. TikTok faces an April 5 deadline to find a new owner due to security concerns. Other potential buyers include AppLovin and Oracle with partners. President Trump anticipates a new owner by the deadline and wants TikTok to remain operational.

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