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Bid for TikTok could give US Government a 50% stake
New TikTok Bid Could Give US Government 50% Stake
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 offering valued at $300 billion or more. ByteDance would maintain equity in the new entity but cede control to a U.S. board.
Perplexity offers updated bid for TikTok, allowing 50% US government stake
Perplexity AI has submitted an updated proposal to merge with TikTok that would allow the U.S. government to take a 50 percent stake in the newly formed company, a source familiar confirmed to The
New bid for TikTok from Perplexity AI could give US government 50% stake
WASHINGTON (AP) — Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter.
19h
Trump directs US government to override California water policies if necessary
Trump has falsely claimed that Democratic Governor Gavin Newsom and other officials refused to provide water from the ...
4h
on MSN
Perplexity AI submits proposal to merge with TikTok, give half to US government: report
Perplexity AI submitted a revised merger proposal to TikTok’s Chinese parent ByteDance as the popular video-sharing app ...
UN News Centre
17m
Guterres calls on US to exempt development and humanitarian funds from aid ‘pause’
The UN Secretary-General on Monday called on the US Government to consider “additional exemptions” to a directive which ...
1d
Bill Gates says most US government departments could be cut by 10 to 15 percent
Seven Democratic senators voted to confirm former South Dakota Gov. Kristi Noem (R) as the head of the Department of Homeland ...
CNET on MSN
1h
Perplexity AI Wants to Merge With TikTok, Give Government Half of the Company
TikTok, which faces the ticking clock of a ban enforcement, is being pursued by several suitors for a US merger or sale.
6d
on MSN
US government website offering resources on abortion, reproductive rights goes offline
Reproductiverights.gov, which was launched by the U.S. Department of Health and Human Services in 2022, was offline Tuesday ...
2d
on MSN
Musk exploring blockchain use to curb US government spending: report
Elon Musk and the Department of Government Efficiency (DOGE) are reportedly exploring using blockchain technology to curtail ...
1d
on MSN
Musk Exploring Blockchain Use in US Government Efficiency Effort
Elon Musk has initiated conversations about using blockchain technology at the new Department of Government Efficiency, ...
3d
Trump's rapid changes in US government stun federal workers
U.S. President Donald Trump and his team have acted with stunning speed to begin removing or sidelining hundreds of ...
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