Amazon Enters Race to Acquire TikTok Ahead of US Deadline
Amazon has reportedly joined the list of companies vying to acquire TikTok, the popular short-form video app. Sources familiar with the White House discussions confirmed Amazon's interest to NBC News. This move comes as the deadline for a U.S. buyer to be secured looms. The potential acquisition highlights the intense competition for TikTok's valuable user base and advanced technology.
Amazon is the latest company to express interest in acquiring TikTok, sources say. The move comes as the deadline for a U.S. buyer, orchestrated by the White House, approaches. The popular video-sharing app has faced scrutiny over data security concerns, prompting the government to push for a sale to an American entity. Several companies have already expressed interest in purchasing TikTok, making this a highly competitive acquisition. Amazon's entry into the race adds another layer of complexity to the situation, and the outcome remains uncertain as negotiations continue.
Source: Read the original article at NBC