By Eric Revell | Fox Business
Amazon has made a bid to acquire TikTok as the popular social media app faces a looming deadline to be divested from its China-based owner or face a ban in the U.S. that could take effect this month.
A Trump administration official told Reuters on Wednesday that the e-commerce giant made a bid to buy TikTok ahead of the looming ban.
The New York Times previously reported, citing three people familiar with the matter, that Amazon placed a last-minute bid to acquire TikTok in its entirety. However, those sources told the outlet the parties involved in the discussions don’t appear to be taking Amazon’s bid seriously. According to the report, the offer was delivered to Vice President JD Vance and Commerce Secretary Howard Lutnick.