AppLovin and Amazon Emerge
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Reuters |
"The addition of TikTok could accelerate AppLovin's transition into a global advertising powerhouse, but regulatory and geopolitical complexities remain a critical variable for investors," said Michae...
The New York Times |
President Trump on Friday granted TikTok another reprieve by announcing he would extend the deadline for when the popular app had to make a deal to be separated from its Chinese owner, ByteDance, or ...
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The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance.
AppLovin confirms its bid but denies Steve Wynn's involvement as the platform faces an April 5 ban deadline. - Applovin, Mobile technology company AppLovin confirmed it has a deal in place to potentially acquire TikTok but refuted reports that casino mogul Steve Wynn was involved in the bid,