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 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 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 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 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 fresh TikTok offer calls for $300B IPO
Perplexity AI reportedly modified a proposed merger offer for ByteDance's TikTok US, with the US government to take a 50 per cent stake.
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 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 revises merger proposal with TikTok, offers 50% equity to US, ByteDance to retain algorithm: Report
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.
Perplexity AI's Bold Bid: Merging with TikTok U.S.
Perplexity AI proposes a merger with TikTok U.S., offering a new U.S. holding company where the U.S. government would own up to 50% post-IPO, excluding TikTok's core algorithm. The proposal aims to create 'NewCo',
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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 ...
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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 ...
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US Government could own 50% of TikTok as new bidder enters fray
A new bidder has emerged to buy the U.S. business of TikTok with a proposal that would see the government own a stake in the ...