The White House is eager to secure a deal to sell TikTok's operations to an American company to mitigate security concerns about the Chinese-owned app. Amazon has made a substantial offer, reportedly willing to spend up to $200 billion, to acquire TikTok entirely. Despite Amazon's financial capacity and intention, it lacks necessary support from the Trump administration. The situation is complicated further by the administration's tight deadline for securing a deal and perceptions of Amazon's bid as inadequately planned.
The White House is keen to finalize a TikTok sale to a U.S. company, fearing espionage from the Chinese app.
Amazon's ambitious offer to acquire TikTok entirely hasn't secured the necessary support from the Trump administration.
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