Perplexity Reportedly Submits Bid for TikTok's US Unit Amidst Closure Deadline
2025-01-18
Fortune
As the deadline for TikTok's China-based parent company to sell its US operations approaches, Perplexity has reportedly submitted a bid to merge with the popular social media platform's US unit. With a shutdown looming on Sunday, the company must find a suitable buyer to avoid closure. The merger would potentially save TikTok's US operations, allowing the app to continue providing entertainment and social media services to its users, while also addressing concerns over data security and online safety, two major factors in the decision-making process for social media companies and online marketplaces.
