Recent reports have revealed that American tech giant Amazon has made a surprise bid to acquire the popular short-form video app TikTok. With the deadline for TikTok's divestment from its current owner ByteDance fast approaching, the news of Amazon's bid has sparked speculation among stakeholders and industry watchers.
While Amazon's interest in TikTok has intrigued many, there are doubts surrounding the seriousness of the bid. The value of Amazon's offer, as well as that of competing bidders such as Oracle and private equity firm Blackstone, remains undisclosed.
The bid comes amidst growing concerns over TikTok's data privacy practices and alleged ties to the Chinese government, which have led to calls for the app's banishment in the U.S. President Donald Trump is reportedly hosting discussions on the matter, with various American companies vying for ownership of TikTok.
As the deadline for TikTok's divestment looms, all eyes are on the outcome of these negotiations and the fate of the popular app in the U.S. market.
