Amazon reportedly made an offer to purchase Tiktok, a popular video application in the United States, which is the danger of prohibition in the United States if he could not reach an agreement from the Chinese owner.
In accordance with a US law signed by President Biden last year, Tiktok’s parent company, Bayta, needs to sell US operations to eliminate security concerns brought to the agenda by legislators.
Tiktok says he has invested billions of dollars to protect US users’ data. The company said that a ban will destroy businesses and Americans using the application.
Amazon’s proposal was first reported by The New York Times.
Seattle avoided commenting on technology giant. Tiktok and White House did not respond to comments.
The original deadline for an agreement is January 19; President Trump extended him until April 5th. It is possible to extend Trump again.
Discussions on Tiktok will play a role in the US-China relations because the Chinese government needs to approve a sale. The Trump administration recently increased tariffs on Chinese goods.
Wedbush Securities Tech Analyst Daniel Ives said to the customers as one of the largest and first chips of the surrounding/Chinese relations, which have many complex direction to navigate under the Trump administration in the coming years.
Tiktok can be very valuable for potential buyers. There are about 170 million American users who log in to the application for entertainment and shopping. Tiktok Stars started a career as brand ambassadors and headlines TV shows and films.
IVS, Tiktok, any potential agreement for Texas -based Oracle, Tiktok’s cloud provider Austin’i said. Oracle has already joined Trump’s first agreement in 2020 to buy Tiktok. Oracle’s billionaire founder Larry Ellison is known to support Trump.
IVS said he didn’t think the agreement would involve Tiktok’s algorithm, because there will be no starter for the Chinese government.
Among the other buyers interested in Tiktok, there is an investment group led by Frank McCourt, a former Dodgers, who contains the “Shark Tank” star Kevin O’leary. San Francisco Artificial Intelligence Company Perplexity in March “Reconstruct the Tiktok algorithm. ”
According to Bloomberg and New York Times, Amazon’s proposal is not taken seriously by Trump administration or other people participating in discussions.
If it was to buy Amazon Tiktok, it may provide significant support to online retail power. Emarketer’s Vice President Jasmine Enberg said in a statement that almost half of us Tiktok users have purchased products on the social platform.
“Amazon’s proposal is the proof of the changing nature of Tiktok’s heroism in E -commerce and the changing nature of the exchange and purchase of consumers, EN Enberg said. “Purchase can strengthen the position of Amazon among young shoppers who start and finish shopping journeys, especially on Tiktok or other social platforms.”
Technology giants are making efforts to connect with Trump, including Amazon and Jeff Bezos, President of the Executive.
According to Associated Press, Amazon donated $ 1 million to Trump’s Opening Fund and released the event on Prime Video, which is a same donation worth $ 1 million.
This month, Prime video began to publish the old seasons of Trump’s reality show “Apprentice .. Amazon also signed an agreement to publish a documentary about First Lady Melania Trump, which will be shown in theaters and Flow platform this year.
