Perplexity AI may save TikTok with a merger that’s half owned by the US government

President Trump delayed the US TikTok ban a few days ago, but the reprieve is still temporary. ByteDance, the giant Chinese corporation that owns the social network, still has to sell the US version of TikTok or risk a complete ban in the country once the 75-day deadline expires. The law that forced the situation has not been repealed, and it's unlikely that will happen. That's probably why TikTok is not available for download from the App Store, despite Trump's reprieve.

Plenty of parties are interested in acquiring TikTok US from ByteDance, with Perplexity AI being one of them. The search startup sent ByteDance a proposal a few days ago but has not received a response.

Perplexity updated its proposal to include the possibility of the US government holding up to 50% of the future company managing TikTok. ByteDance would retain its stake along with the algorithm that caused so much friction in recent years among lawmakers in the US and EU.

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