Negotiations are taking place regarding the U.S. operations of TikTok, with suggestions to create a new entity that blends Perplexity and TikTok. This venture could allow the U.S. government to acquire up to 50% ownership post-IPO, addressing regulatory concerns about foreign control, particularly from China. Trump's proposed joint venture aims for an equal split with ByteDance, aligning with the Protecting Americans from Foreign Adversary Controlled Applications Act. Oracle and Microsoft are mentioned as potential partners, while investor groups, including YouTuber MrBeast, are also making offers.
The U.S. government may soon own up to 50% of a new entity combining TikTok U.S. and Perplexity, as negotiations continue amid regulatory scrutiny.
Trump's joint venture plan aims for a 50-50 split of TikTok's U.S. operations with ByteDance, complying with the Protecting Americans from Foreign Adversary Controlled Applications Act.
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