Amazon is reported to have entered the Sweepstakes Tiktok with a surprise game in the last minute to buy the app for video sharing from his Chinese parent’s bydance ahead of Saturday.
The e -ribbon giant, founded by billionaire Jeff Bezos, presented a letter of bid detailing her proposal addressed to Vice President JD Vance and Trade Secretary Howard Lutnick, reported the New York Times on Wednesday, citing three people acquainted with the offer.
The main parties involved in negotiations for a possible Tiktok sale “do not seem to be taking Amazon’s offer seriously,” according to Times.
Other details, such as the value of the Amazon proposal dollar, were not revealed.
Amazon refused to comment. Representatives for the White House and Tiktok did not immediately return the post for commentary request.
A source familiar with the situation confirmed that Amazon submitted an offer when contacted by the post.
The shock offer comes on the same day that President Trump is set to meet with the best advisers at the Oval office to hear details on a proposal for existing TIKK investors to take control of most of a strict company version.
Vance and Lutnick have been decided to attend the meeting together with National Security Advisor Mike Waltz and the Director of National Intelligence Tulsi Gabbard.
Bezos has cultivated closer links with Trump since his election victory, and has even participated in the inauguration of the President along with other technology moguls.
Trump has until Saturday to find an acceptable buyer for Tiktok after issuing an executive order by delaying the implementation of a federal law that banned the app unless Bytedance left. The president may choose to extend the deadline if the terms are not completed.
Congress and Feds say Tiktok is a threat of national security until China is no longer involved in its operations. The app has more than 170 million US users.
As the post reported, the existing US investors in Bytedance parent Tiktok – Susquehanna, KKR, General Atlantic and Coatue – are seeking to gain greater shares as part of the proposed delivery.
Oracle, who already serves as the leading partner of TIKTOK’s Cloud calculation, can take on an adult role to ensure that his algorithm is safe from manipulating and managing US users’ data.
New investors, such as the Entrepreneurship Technology Firm Andreessen Horowitz and Blackstone Group, have also approached to contribute to the deal and can help buy Chinese investors, FTA reported on Tuesday.
A Tiktok sale is expected to receive at least $ 40 billion.
To conclude an agreement, Trump will have to provide TIKTOK critics in Congress, such as the Republican Chairman of the Intel Committee of the Senate Tom Cotton, that he successfully addresses national security concerns.
As it is written, the Congress law requires the full relocation of Chinese control over TIKTOK. It remains unclear whether the proposed agreement will meet that threshold, though Trump has a good way to make that designation.
Trump would also need approval by the Chinese government, which initially pledged to fight any forced sales, but has recently mitigated its positions.
The president has sailed the opportunity to give China some fee vacation in exchange for a Tiktok Agreement.
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