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New TikTok Bid Could Give US Government 50% Stake [Video]

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The U.S. government could own up to 50% of Perplexity AI and TikTok‘s U.S. business as part of a new deal, a source familiar with the matter has said.

Perplexity AI presented a new proposal to TikTok’s parent company ByteDance last week.

The proposal is a revision of a prior plan presented on Jan. 18, a day before the law that bans TikTok went into effect.

Why It Matters

The proposal represents a potential compromise between banning TikTok and addressing concerns over its Chinese ownership.

President Donald Trump signs executive orders in the Oval Office of the White House on Jan. 20, 2025 in Washington, DC. Trump issued an executive order to halt enforcement of a ban on TikTok for…Anna Moneymaker/Getty Images

What To Know

The revised proposal allows for a new structure merging Perplexity AI and TikTok’s U.S. business.

The U.S. government could acquire up to a 50 percent nonvoting stake after a public …

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