‘TikTok America,’ Amazon, and other rumors about who might buy TikTok

is a senior editor following news across tech, culture, policy, and entertainment. He joined The Verge in 2021 after several years covering news at Engadget. After President Donald Trump pushed back a deadline for banning TikTok in January, the 75-day delay will run out on April 5th, but there’s still no word on a deal that could satisfy the law by shifting control of TikTok away from its Chinese parent company, ByteDance. The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance. That follows reports by the New York Times, Wall Street Journal, and CNBC, which added Amazon and AppLovin to a list of potential or interested buyers along with Oracle, Blackstone, former LA Dodgers owner Frank McCourt, and Perplexity. AppLovin is a ... Read full article.