Amazon bids: Amazon has submitted a formal offer to the White House to buy Chinese-owned social media app TikTok.
Amazon bids, The company transferred a letter to US Vice President JD Vance and Commerce Secretary Howard Littnick this week, according to sources, but the offer isn’t being taken seriously because it was submitted as a deadline for a possible ban on TikTok in the US is about to expire.
The offer comes at a time when query remains over TikTok’s future in the US.However, which owns TikTok, fails to vend its US operations, If ByteDance.
US lawgivers had set a deadline of January 19 last time for the trade, but former President Donald Trump extended the period by 75 days through an administrative order.
According to sources, Trump may make a decision on TikTok’s future in the US on Wednesday. Also, mobile technology company AppLovin has also made an offer to buy TikTok.
TikTok has surfaced as a major platform fore-commerce and its online business “ TikTok Shop ” is growing fleetly. The app’s further than 170 million US druggies and its marketable eventuality could be seductive to Amazon.
Amazon launched its own short- videotape service, looking at TikTok’s successful model, but it was latterly shut down.
In August last time, Amazon and TikTok reached an agreement under which druggies could protect directly from Amazon through TikTok. Still, US lawgivers have raised public security enterprises over the deal.