Perplexity Wants to Buy TikTok and Hand Over 50% Stake to the US Government



Another entity has entered the race to take over TikTok US from Bytedance. Recently, Perplexity AI, which develops chatbots and an artificial intelligence (AI) search engine, has also sent its bid to Bytedance. According to the AP report, among the things that Perplexity will do after buying TikTok is hand over 50% of its stake to the US government.


Bytedance will still have a minority stake in TikTok by only being involved as an investor. TikTok's algorithm is not included in this purchase because the Chinese government has banned the sale of domestically made AI models. It is not known what the new algorithm will be used. Despite having a 50% stake, the US government will not have a representative on the company's board of directors.


The first thing Perplexity will do is sell shares of the company, which is expected to reach a value of $300 billion. According to several analysts, Bytedance may sell TikTok for a value between $100-$200 billion.


Oracle, Microsoft, a group of investors consisting of MrBeast and Kevin O'Leary's consortium have also expressed their interest in buying TikTok. TikTok was given 75 days by President Trump on January 20 to find a buyer if it wanted to continue operating in the United States.

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