Amazon has submitted a last-minute bid to acquire TikTok ahead of a looming April 5 deadline for the app's sale or shutdown. The Protecting Americans From Foreign Adversary Controlled Applications Act mandates a sale to a non-Chinese entity, but ByteDance challenges this ruling, asserting it violates its constitutional rights. Although facing significant opposition from both the Chinese government and legal complexities, companies like Oracle and prominent investors have shown interest as the ban approaches its enforcement deadline.
Retail giant Amazon has made a late bid for TikTok shortly before the April 5 deadline, but other bidders remain skeptical about its seriousness.
ByteDance, facing a legal mandate to sell TikTok, argues that a sale is complicated by its software's intricacies, which are deeply rooted within its systems.
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