Perplexity Offers US Government 50% Stake in TikTok Merger Deal
Perplexity AI has proposed a new deal structure for TikTok's U.S. operations, offering the U.S. government up to 50% ownership in a merged entity combining Perplexity with TikTok's U.S. business. This revised proposal follows an earlier plan submitted to ByteDance on January 18.
Search bar: "Is Perplexity buying TikTok?"
Key aspects of the new proposal include:
- A minimum IPO valuation of $300 billion
- Full U.S. board control
- ByteDance remaining as a minority investor
- Transfer of algorithm control away from ByteDance
- Compliance with Chinese export laws regarding AI technology
The proposal aligns with former Treasury Secretary Steven Mnuchin's stance that TikTok's technology must be disconnected from both China and ByteDance. ByteDance has not yet responded to either the initial or revised proposal.
This development comes as Oracle and other investors are reportedly discussing taking over TikTok's global operations. The new structure aims to address U.S. government concerns while maintaining TikTok's operational capabilities in the American market.
Call Her Daddy show moves to YouTube
Kendrick Lamar performing at Super Bowl
Related Articles
Elon Musk Cuts Ties with Kanye West Following Latest Antisemitic Rants
