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.
Perplexity AI wants to buy TikTok — and give the U.S. government a big stake
Perplexity AI has reportedly revised its initial offer to merge with TikTok — this time with a carveout to give the U.S. government 50% control in a future initial public offering (IPO).
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.
Perplexity AI revises TikTok proposal to give U.S. gov 50% stake, CNBC says
Perplexity AI revised the merger proposal it had submitted to TikTok parent, Hayden Field of CNBC reports. The proposal, which would create a
Trump directs US government to override California water policies if necessary
Trump has falsely claimed that Democratic Governor Gavin Newsom and other officials refused to provide water from the ...
Poynter4d
Is the United States turning into an oligarchy? Scholars react to Joe Biden’s warning
Wealthy people have always had a louder voice, but Trump’s new allies represent the starkest consolidation of wealth in US ...
Maryland AG joins 11 other states in challenging President Trump's immigration policy
In a joint statement, Maryland Attorney General Anthony Brown and 11 other states challenged a warning from the Department of Justice ordering state officials to comply​ with President Donald Trump's ...
Mexico prepares tents in border cities to receive Mexicans deported from United States
Mexico is constructing tents to receive Mexican nationals deported under Trump's mass deportations and provide them with ...
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 ...
States, civil rights groups sue to stop Trump’s birthright citizenship order
Legal experts said the president’s executive order would upend precedent and is unlikely to pass constitutional muster.
Trump’s first week: New president moved with lightning speed to overhaul government
Trump pardoned Jan. 6 rioters and tried to overturn birthright citizenship in an aggressive first week that included ...
Claims that the United States is sending taxpayer money to the Taliban need context
The U.S. government doesn’t send funds directly to the Taliban, but it has acknowledged that the terrorist group has ...
Is the United States turning into an oligarchy? What scholars say about Biden’s warning
As the 2024 presidential race entered its final stretch, the nation’s richest tech leaders gravitated toward Trump’s side.
Is the United States poised to become an oligarchy?
In Aristotelian terms, democracy is also a corrupt form of government in which the majority uses its power to abuse ...