6 sources·Business

Amazon Submits Last-Minute Bid for TikTok Amid Ban Deadline

Amazon has made a bid to acquire TikTok just before a U.S. ban deadline, raising questions about national security and ownership of the platform.

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  2. Amazon submits bid for TikTok as ban deadline nears

    TikTok has emerged as a major hub for e-commerce as it has poured money into growing its online marketplace, called TikTok Shop.

    Amazon submits bid for TikTok as ban deadline nears

    CNBCCNBC·1d
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  3. Axios

    Scream this for the cheap seats — this is not a buyside problem! It's a sellside problem!

    Axios

    AxiosAxios·1d
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  1. USA TODAY
  2. CNBC
  3. Axios
  4. Associated Press
Updated: Apr 2nd, 2025, 10:13 PM ET

Summary

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With the deadline for TikTok's potential U.S. ban approaching on April 5, Amazon has submitted a bid to acquire the app from its Chinese owner, ByteDance. The Trump administration has been considering bids from various companies, including AppLovin and a startup co-led by the founder of OnlyFans. The urgency arises from national security concerns related to data privacy and ownership of the popular platform. Lawmakers have urged for a non-Chinese buyer, but negotiations with ByteDance remain uncertain as the deadline looms.

Perspectives

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  • Amazon has submitted a bid to acquire TikTok as the platform faces a potential ban due to national security concerns regarding its Chinese ownership.

  • There are multiple contenders for TikTok, including tech companies and investment firms, as the U.S. government looks to mandate a divestiture before a looming deadline.

  • The complexity of the situation arises as potential buyers like Amazon and Oracle express interest, but negotiations between ByteDance and the U.S. government remain unresolved.

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