As the April 5 deadline for TikTok’s U.S. sale approaches, major bidders, including Amazon and a consortium led by OnlyFans founder Tim Stokely, have entered the race to acquire the social media platform, Reuters news report said.
U.S. officials continue to express security concerns over TikTok’s Chinese ownership, pushing for a reduction of ByteDance’s stake below 20 percent.
Private equity firms like Blackstone and venture capital firm Andreessen Horowitz are also exploring involvement in bids alongside Oracle. With a January 19 divestiture deadline looming, TikTok’s future in the U.S. remains uncertain.
Bidders Increase: Amazon and a consortium led by OnlyFans founder Tim Stokely have joined the race to acquire TikTok as the April 5 deadline looms.
Security Concerns: U.S. officials continue to raise concerns over TikTok’s ties to China, despite denials from ByteDance.
Amazon’s Interest: The tech giant aims to expand its social media presence, following past acquisitions of Twitch and Goodreads. Its bid is reportedly not being taken seriously by some involved parties.
Private Equity & Venture Capital Involvement: Blackstone is in discussions to join existing ByteDance investors, while Andreessen Horowitz considers backing a bid led by Oracle.
White House Strategy: The U.S. government is pushing to reduce Chinese ownership of TikTok’s U.S. operations to below 20 percent.
Uncertain Future: TikTok’s fate remains unclear as legal and business negotiations continue before the mandated January 19 divestiture deadline.
TelecomLead.com News Desk
