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Bid for TikTok could give US Government a 50% stake
New bid for TikTok from Perplexity AI could give US government 50% stake
WASHINGTON (AP) — Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter.
New TikTok Bid Could Give US Government 50% Stake
The revised proposal allows for a new structure merging Perplexity AI and TikTok's U.S. business. The U.S. government could acquire up to a 50 percent nonvoting stake after a public offering valued at $300 billion or more. ByteDance would maintain equity in the new entity but cede control to a U.S. board.
Perplexity AI proposes to merge with Tiktok, with US government getting half, source says
U.S. search engine startup Perplexity AI has revised the merger proposal it had submitted to TikTok's Chinese parent ByteDance to create a new entity combining Perplexity and TikTok U.S., a person familiar with the proposal told Reuters on Sunday.
Trump, government Watch Dogs
Trump fires 17 independent watchdogs at multiple agencies in late-night move
The conversations about ousting these government watchdogs began during Trump's transition back to the White House.
Trump fires at least a dozen government watchdogs
Democrats described Trump's late-night firing of the federal agency inspectors general as an 'attack on Democracy'.
Trump fires 17 government watchdogs at various federal agencies
President Donald Trump fired more than a dozen government watchdogs late Friday in a move that appears to have violated federal law requiring him to notify Congress.
1d
on MSN
Government workers dismayed by Trump's return-to-office mandate
The Trump administration has said that just 6% of federal employees now work in person. But according to an August report ...
10h
on MSN
Trump directs US government to override California water policies if necessary
U.S. President Donald Trump on Sunday ordered the federal government to override the state of California's water-management ...
2d
on MSN
Trump administration confuses government workers with email test message
The administration tested its ability to send communications to all 2.3 million federal employees from a single email address ...
3h
In China, Government Data on Drugs Blocked From Public After Backlash
Criticism over how the Chinese government buys drugs for its public health care system has ignited frustration over the ...
18h
Liz Weston: Government pension offset changes to Social Security are coming, but will take time
Those who applied for Social Security and were denied due to government pension offset rule or windfall elimination provision ...
4h
Russian government advisers warn of corporate bankruptcies wave
Russia could face a wave of corporate bankruptcies this year as the share of enterprises with risky levels of debt in total ...
2d
Musk Plan for Retooling Government Takes Shape, but Big Questions Loom
The rebranding of a former White House digital office into the new Department of Government Efficiency signals its potential ...
7h
Gaming start-ups call for more government money
More government help is needed to fund start-up companies in the computer games industry, the head of a leading gaming firm ...
2d
on MSN
What Americans think about Trump and Musk’s plans for the federal government: AP-NORC poll
Americans see the federal government as rife with corruption, inefficiency and red tape — but they’re less sure about whether ...
2d
on MSN
Can you spot the difference? Government websites quietly make changes as Trump moves to end federal DEI and remote-work programs.
Federal departments are scrambling to respond to Trump's flurry of executive orders.
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