Reported about 7 hours ago
Perplexity AI, a U.S. search engine startup, has submitted a bid to merge with TikTok U.S., as per a source. This proposal comes amidst the looming threat of a U.S. ban on TikTok unless it parts ways with its Chinese parent, ByteDance. Perplexity aims to create a new entity that would allow existing ByteDance investors to retain their stakes, potentially succeeding due to the merger approach rather than a sale. TikTok has indicated it might cease operations in the U.S. if reassurances from the Biden administration are not forthcoming.
Source: YAHOO