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Last-minute TikTok bidders include Amazon and OnlyFans founder

Published on: 2025-05-16 19:58:00

Serving tech enthusiasts for over 25 years.TechSpot means tech analysis and advice you can trust Why it matters: As ByteDance's April 5 deadline to divest TikTok or face a ban approaches, last-minute players have entered negotiations to potentially take over the U.S. operations of the popular social network. The Trump administration, which postponed the ban in January, is reportedly exploring several options to bring some or all of TikTok under American ownership. Sources recently told The New York Times that Amazon made an 11th-hour offer to purchase all of TikTok, which faces a ban this Saturday April 5 if its Chinese owner, ByteDance, fails to divest the app to a U.S. buyer. Other new bidders include the mobile app platform AppLovin and a company co-founded by OnlyFans founder Tim Stokely. Amazon's offer reportedly came in the form of a letter addressed to Vice President JD Vance and Commerce Secretary Howard Lutnick, but officials involved in the negotiations are not seriously c ... Read full article.