Amazon has submitted a bid to the White House to acquire TikTok from its Chinese parent company, ByteDance, according to CNBC. The bid was sent in a letter to Vice President JD Vance and Commerce Secretary Howard Lutnick, just days before a U.S. deadline that could lead to a ban on the app. TikTok's growing e-commerce marketplace and massive U.S. user base have attracted interest from companies, including AppLovin, which has also submitted a bid.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Amazon submitted a bid to the White House to acquire TikTok from its Chinese parent company
00:06ByteDance, according to CNBC. The bid was sent in a letter to Vice President J.D. Vance and
00:11Commerce Secretary Howard Ludnick just days before a U.S. deadline that could lead to a
00:15ban on the app. TikTok's growing e-commerce marketplace and its massive U.S. user base
00:21have attracted interest from companies, including Apple oven, which has also submitted a bid.
00:26For all things money, visit Benzinga.com.