Perplexity AI alters TikTok merger offer, with possibility of 50% U.S. government stake - reports
Perplexity AI revised its merger offer to TikTok parent ByteDance (BDNCE) over the weekend, with a new future IPO that could open up to a 50% stake for the U.S. government, according to multiple news reports.
Perplexity Submits Revised Proposal For Merging With TikTok US
Perplexity AI has revised its merger proposal with ByteDance to allow the US government to own 50% stake in the new company.
Perplexity AI’s new TikTok merger plan could see US govt owning 50% stake
Perplexity AI has revised its merger proposal to ByteDance, the parent company of TikTok, to include a provision allowing the US government to own up to 50% of the new entity following an IPO, CNBC reported.
Perplexity AI Revises Bid For TikTok, Others Compete For Half-Ownership
Perplexity AI has revised its initial takeover offer for TikTok, which would allow the U.S. government to own up to 50% of "NewCo," the new company Perplexity is proposing, upon a future IPO.
Perplexity AI may save TikTok with a merger that’s half owned by the US government
Perplexity AI search startup has a new proposal to merge with TikTok, which would give the US government a stake of up to 50%.
Perplexity AI proposes to merge with Tiktok, with US government getting half, source says
U.S. search engine startup Perplexity AI has revised the merger proposal it had submitted to TikTok's Chinese parent ByteDance to create a new entity combining Perplexity and TikTok U.S., a person familiar with the proposal told Reuters on Sunday.
Perplexity AI revises Tiktok merger proposal that could give the U.S. government a 50% stake
A proposal document viewed by CNBC, which was shared with ByteDance and prospective new investors, detailed the creation of a new U.S. holding company, “NewCo.”
Perplexity AI proposes $300bn merger with TikTok’s US arm
In a recent development, Perplexity AI revised its proposal to merge with TikTok US with the goal of creating a new company. This revised plan includes the possibility for the US government to own up to 50% of this new entity at the time of the IPO,
Perplexity AI's Bold Proposal: Merging with TikTok's US Business Amid Political Tensions
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.
Perplexity AI Wants to Merge With TikTok, Give US Government Half of the Company
TikTok, which faces the ticking clock of a ban enforcement, is being pursued by several suitors for a US merger or sale.
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