Amazon has submitted a last-minute bid to purchase TikTok, facing an imminent deadline due to a U.S. law requiring the platform to change hands from its Chinese owner, ByteDance. The company has proposed its bid to key officials, including Vice-President J.D. Vance, though it's not seriously considered. This move follows Amazon's recent shutdown of its TikTok competitor, Inspire. Other bidders include private equity firms and tech companies, but ByteDance insists that TikTok is not for sale, intensifying the uncertainty surrounding the platform's future in the U.S.
TikTok is facing an April 5 deadline to change hands from its Chinese owner, ByteDance, or else be banned in the U.S., as mandated by Congress.
Amazon's bid, reportedly submitted to key officials, is not being seriously considered, highlighting the challenges TikTok faces with potential ownership transitions.
The e-commerce giant's late entry to acquire TikTok comes shortly after it closed its own TikTok competitor, showcasing shifting dynamics in the tech landscape.
Despite the flurry of bids, ByteDance to date has maintained that TikTok is not for sale, complicating the situation surrounding its ownership.
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