Trump plans to meet with top White House officials on Wednesday to discuss Tiktok’s fate. People familiar with the negotiations outline a potential deal that could involve some new U.S. investors, including Oracle, The Technology Giant, and private equity firm Blackstone, while avoiding formal sales. However, according to the report, the conditions that this structure is not clear enough to meet federal law.
Amazon has some existing connections with Tiktok. The Tiktok Video App accounts for 170 million users in the United States and has become a major hub for retail shopping, with influential people recommending products to their audiences. Although the company has its own e-commerce business, called the Tiktok Shop, many influencers encourage people to buy products on Amazon, which has cut deals. The New York Times News Service reported that it also provides some technical infrastructure.
Amazon has previously tried to make a Tiktok clone called Inspire in its own app. Internally, it is a high-profile initiative but is widely regarded as a success that attracts shoppers. According to the report, the company removed it from the app this year.
Amazon is not the first retailer to express interest in the app. In 2020, when Tiktok was first forced to sell to U.S. owners, Microsoft and Walmart bid for the company.
But Amazon will be the company’s most compelling bidder, which has also attracted the interest of billionaire Frank McCourt and Jesse Tinsley, founder of the payroll company employee employees.
FAQ
Q1. How many viewers does the Tiktok Video app have?
A1. The Tiktok Video App accounts for 170 million users in the United States and has become a major hub for retail shopping, with influential people recommending products to their audiences.
Q2. Who is interested in buying the Tiktok video app?
A2. Amazon is not the first retailer to express interest in the app. In 2020, when Tiktok was first forced to sell to U.S. owners, Microsoft and Walmart bid for the company.
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