There's no telling yet if Trump's plan can set up a better version of Project Texas or convince China to sign off on a TikTok sale. Analysts have suggested that China may agree to a TikTok sale if Trump backs down on tariff threats.

ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

Kevin O’Leary’s $20B TikTok offer is rejected as ByteDance confirms it won’t sell the key technology behind the app’s success.

Perplexity AI search startup has a new proposal to merge with TikTok, which would give the US government a stake of up to 50%.

A new TikTok proposal is on the table. Perplexity AI has proposed a merger that would give the U.S. government a 50% ownership stake.

WASHINGTON (AP) — Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter.

Shark Tank investor Kevin O'Leary has come into the limelight once again intending to purchase the social media app, TikTok. The competition to acquire the app has taken an intriguing turn.

Perplexity AI has revised its merger proposal with ByteDance to create a joint entity, offering the US government up to 50% equity in an IPO valued at $300 billion. ByteDance would sell TikTok US to investors while retaining its recommendation algorithm.

The proposal, submitted last week, is a revision of an earlier plan the artificial intelligence startup presented to TikTok's parent ByteDance on 18 January, a day before the law that bans TikTok went into effect.

A new report claims TikTok participates in suppressing content critical of President Donald Trump as the new administration works to keep the app available in the U.S.

Perplexity AI proposes a deal for the US government to own 50% of a new entity merging with TikTok's US business. The revised proposal allows ByteDance to retain some ties but excludes the algorithm.

Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ensure TikTok stays online in the US — and suggested there may be