Amazon said to make bid for TikTok - NYT

Investing.com -- Amazon (NASDAQ: AMZN ) has reportedly made a last-minute bid to acquire TikTok’s U.S. operations, as the popular video app faces an imminent deadline to separate from its Chinese parent company, according to a report by The New York Times (NYSE: NYT ).

"Amazon has put in a last-minute bid to acquire all of TikTok," said the NYT, citing three individuals with knowledge of the discussions.

The bid arrives as TikTok confronts an April deadline to alter its ownership structure or face a ban within the United States.

However, "various parties who have been involved in the talks do not appear to be taking Amazon’s bid seriously," said the NYT.

The offer was reportedly submitted via a letter addressed to Vice President JD Vance and Commerce Secretary Howard Lutnick.

The bid underscores the intense, eleventh-hour maneuvering in Washington concerning TikTok’s future.

U.S. lawmakers have long voiced national security concerns regarding the app’s Chinese ownership, leading to legislation mandating a sale.

According to The New York Times, President Trump, despite previously expressing national security concerns, delayed the enforcement of the sale law until Saturday.

Trump is scheduled to meet with White House officials to discuss TikTok’s fate.

The article also highlights Amazon’s existing connections to TikTok, noting the app’s significant role in retail shopping, where influencers often encourage viewers to make Amazon purchases.

Amazon’s entry into the bidding follows previous interest from companies like Microsoft (NASDAQ: MSFT ) and Walmart (NYSE: WMT ).

TikTok has maintained that it is not for sale, citing potential blockage from the Chinese government, said the NYT.

Amazon shares are up around 1.4% on Wednesday following the report.

OK