TikTok US Unit Merger Looms: Perplexity Submits Bid Amid Shutdown Deadline
2025-01-18
Fortune
As TikTok's China-based parent company faces a looming shutdown on Sunday, Perplexity has reportedly submitted a bid to merge with the social media giant's US unit. With the US operations on the line, a potential merger could save the popular video-sharing platform from a complete shutdown. The deal comes as the company navigates complex data security and regulatory concerns, sparking interest in the tech and social media sectors. As the deadline approaches, the future of TikTok's US presence hangs in the balance, with Perplexity's bid aiming to safeguard the platform's massive user base. The merger talks highlight the growing importance of data security and regulatory compliance in the tech industry.
