• About
  • Advertise
  • Privacy & Policy
  • Contact Us
Tuesday, July 28, 2026
Dubai News TV
  • UAE
    • Abu Dhabi
    • Dubai
    • Ajman
  • REGION
    • Middle East
    • GCC
    • MENA
      • Syria
    • Asia
      • Afghanistan
      • Bangladesh
      • India
      • Iran
      • Israel
      • Pakistan
      • Sri Lanka
    • Africa
    • Europe
  • REAL ESTATE
  • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
    • EXCLUSIVE
  • World
  • Business
    • Local Business
    • Markets
  • TECH
  • HEALTH
  • Horoscope
  • PR
  • Sports
No Result
View All Result
  • UAE
    • Abu Dhabi
    • Dubai
    • Ajman
  • REGION
    • Middle East
    • GCC
    • MENA
      • Syria
    • Asia
      • Afghanistan
      • Bangladesh
      • India
      • Iran
      • Israel
      • Pakistan
      • Sri Lanka
    • Africa
    • Europe
  • REAL ESTATE
  • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
    • EXCLUSIVE
  • World
  • Business
    • Local Business
    • Markets
  • TECH
  • HEALTH
  • Horoscope
  • PR
  • Sports
No Result
View All Result
Dubai News
No Result
View All Result
  • Top News
  • UAE
  • Dubai
  • World
  • Business
  • GOLD/FOREX
  • REGION
  • REAL ESTATE
  • FEATURED
  • EDITOR’S CHOICE
  • ENVIRONMENT
  • Road To Financial Freedom
  • Health
  • Sports

Amazon’s last-minute bid for TikTok comes as a US ban on the platform is set to take effect Saturday

by Web Desk
1 year ago
in International, Top News, World
Amazon’s last-minute bid for TikTok comes as a US ban on the platform is set to take effect Saturday
Share on FacebookShare on TwitterShare on Whatsapp

WASHINGTON (news agencies) — Amazon has put in a bid to purchase TikTok, a Trump administration official said Wednesday, in an eleventh-hour pitch as a U.S. ban on the platform is set to go into effect Saturday.

The official, who was not authorized to comment publicly and spoke on the condition of anonymity, said the Amazon offer was made in a letter to Vice President JD Vance and Commerce Secretary Howard Lutnick.

The New York Times first reported on the bid.

President Donald Trump on Inauguration Day gave the platform a reprieve, barreling past a law that had been upheld unanimously by the Supreme Court, which said the ban was necessary for national security.

Under the law, TikTok’s Chinese-owned parent company ByteDance is required to sell the platform to an approved buyer or take it offline in the United States. Trump has suggested he could further extend the pause on the ban, but he has also said he expects a deal to be forged by Saturday.

Amazon declined to comment. TikTok did not immediately respond to a request for comment.

The existence of an Amazon bid surfaced as Trump was scheduled on Wednesday to meet with senior officials to discuss the coming deadline for a TikTok sale.

Although it’s unclear if ByteDance plans to sell TikTok, several possible bidders have come forward in the past few months. Among the possible investors are the software company Oracle and the investment firm Blackstone. Oracle announced in 2020 that it had a 12.5% stake in TikTok Global after securing its business as the app’s cloud technology provider.

In January, the artificial intelligence startup Perplexity AI presented ByteDance with a merger proposal that would combine Perplexity’s business with TikTok’s U.S. operation. Last month, the company outlined its approach to rebuilding TikTok in a blog post, arguing that it is “singularly positioned to rebuild the TikTok algorithm without creating a monopoly.”

“Any acquisition by a consortium of investors could in effect keep ByteDance in control of the algorithm, while any acquisition by a competitor would likely create a monopoly in the short form video and information space,” Perplexity said in its post.

The company said it would remake the TikTok algorithm and ensure that infrastructure would be developed and maintained in “American data centers with American oversight, ensuring alignment with domestic privacy standards and regulations.”

Other potential bidders include a consortium organized by billionaire businessman Frank McCourt, which recently recruited Reddit co-founder Alexis Ohanian as a strategic adviser. Investors in the consortium say they’ve offered ByteDance $20 billion in cash for TikTok’s U.S. platform. Jesse Tinsley, the founder of the payroll firm Employer.com, says he too has organized a consortium and is offering ByteDance more than $30 billion for the platform. Wyoming small business owner Reid Rasner has also announced that he offered ByteDance roughly $47.5 billion.

Both the FBI and the Federal Communications Commission have warned that ByteDance could share user data — such as browsing history, location and biometric identifiers — with China’s authoritarian government. TikTok said it has never done that and would not do so if asked. The U.S. government has not provided evidence of that happening.

Trump has millions of followers on TikTok and has credited the trendsetting platform with helping him gain traction among young voters.

During his first term, he took a more skeptical view of TikTok and issued executive orders banning dealings with ByteDance as well as the owners of the Chinese messaging app WeChat.

—

Parvini reported from Los Angeles.

Share21Tweet13Send

Related Posts

Kuwait Army says drone attack on offshore oil platform injures one worker
International

Kuwait Army says drone attack on offshore oil platform injures one worker

July 12, 2026
UAE declares four-day mourning period after death of former Qatari Emir
International

UAE declares four-day mourning period after death of former Qatari Emir

July 12, 2026
UAE President, Egypt's El Sisi hold talks in El Alamein on regional security
International

UAE President, Egypt’s El Sisi hold talks in El Alamein on regional security

July 12, 2026
Explained: Iran targets 5 Arab countries in fresh strikes; what led to ceasefire violations?
International

Explained: Iran targets 5 Arab countries in fresh strikes; what led to ceasefire violations?

July 12, 2026
Former Qatar leader Father Amir Sheikh Hamad bin Khalifa Al Thani passes away at 74
International

Former Qatar leader Father Amir Sheikh Hamad bin Khalifa Al Thani passes away at 74

July 12, 2026
Dubai mortgages: When can banks repossess homes for missed loan payments?
International

Dubai mortgages: When can banks repossess homes for missed loan payments?

July 12, 2026
Load More
  • Kuwait Army says drone attack on offshore oil platform injures one worker

    Kuwait Army says drone attack on offshore oil platform injures one worker

    60 shares
    Share 24 Tweet 15
  • UAE President, Egypt’s El Sisi hold talks in El Alamein on regional security

    57 shares
    Share 23 Tweet 14
  • Explained: Iran targets 5 Arab countries in fresh strikes; what led to ceasefire violations?

    57 shares
    Share 23 Tweet 14
  • UAE declares four-day mourning period after death of former Qatari Emir

    56 shares
    Share 22 Tweet 14
  • Former Qatar leader Father Amir Sheikh Hamad bin Khalifa Al Thani passes away at 74

    55 shares
    Share 22 Tweet 14
  • Your daily horoscope: July 20, 2026

    53 shares
    Share 21 Tweet 13
  • Dubai mortgages: When can banks repossess homes for missed loan payments?

    55 shares
    Share 22 Tweet 14
  • Tech Maverick Turns Luxury Hotelier: How Hamid Butt is Redefining Lahore’s Hospitality and Business Landscape

    60 shares
    Share 24 Tweet 15
  • Your daily horoscope: July 23, 2026

    53 shares
    Share 21 Tweet 13
  • Sheikh Mohammed issues new law to enhance quality, safety of Dubai buildings

    70 shares
    Share 28 Tweet 18
United Arab Emirates Dirham Exchange Rate

About Dubai News TV

Dubai News is an English language news and current affairs digital TV channel established to provide round-the-clock news, information, and knowledge about local, regional, and international events. It covers a wide range of topics, including politics, business, technology, culture, and sports, ensuring viewers stay informed and engaged with the latest developments. The channel aims to deliver accurate, unbiased reporting and insightful analysis, catering to a diverse audience with a global perspective.

Categories

  • Abu Dhabi (43)
  • Afghanistan (32)
  • Africa (29)
  • Ajman (5)
  • Artificial Intelligence (5)
  • Asia (82)
  • Bangladesh (87)
  • Business and Economy (773)
  • Cricket (11)
  • Donald Trump (6)
  • Dubai (163)
  • EDITOR'S CHOICE (10)
  • Education (29)
  • Entertainment (1,943)
  • ENVIRONMENT (13)
  • Europe (91)
  • EXCLUSIVE (4)
  • FEATURED (41)
  • Featured Stories (40)
  • Global Business (2,259)
  • Gold & Forex (1)
  • Healthcare (9)
  • heath (10)
  • Horoscope (767)
  • Hospitality (2)
  • India (177)
  • International (8,729)
  • Iran (27)
  • Israel (18)
  • Israel-Palestine conflict (76)
  • Life Style (1)
  • Lifestyle (1,372)
    • Health (8)
  • Local Business (1,636)
  • Markets (14)
  • MENA (818)
  • Military & Defense (8)
  • News (11,589)
    • Business (2,171)
    • Politics (14)
    • World (8,799)
      • Foods (1)
      • Games (2)
      • Travel (6)
  • Opinion (26)
  • Outreach Initiatives (1)
  • Pakistan (288)
  • Personal Finance (7)
  • Philippine (11)
  • Philippines (7)
  • PR (160)
  • REAL ESTATE (170)
  • REGION (4,307)
    • GCC (210)
    • Middle East (3,339)
  • Road To Financial Freedom (7)
  • Russia (28)
  • Russia-Ukraine war (73)
  • Saudi Arabia (16)
  • Sharjah (12)
  • South Asia (91)
  • Sports (1,232)
  • Sri Lanka (45)
  • Startup (7)
  • Syria (7)
  • Tech (501)
  • Technology (491)
  • The Big Read (6)
  • Top News (24,938)
  • turkey (9)
  • TV Shows (7)
  • UAE (6,884)
  • Uncategorized (10)
  • Video Posts (11)
  • Viewpoint (8)

Latest News

Your lookahead horoscope: July 26, 2026
Horoscope

Your lookahead horoscope: July 26, 2026

by Web Desk
July 26, 2026
0

IF TODAY IS YOUR BIRTHDAYSaturn’s influence on your birthday will encourage you to draw a line under the past and...

Read moreDetails
Your daily horoscope: July 25, 2026

Your daily horoscope: July 25, 2026

July 25, 2026
Your daily horoscope: July 24, 2026

Your daily horoscope: July 24, 2026

July 24, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact Us

© 2024 Dubai News TV - Powerd by Global Biz International.

No Result
View All Result
  • Top News
  • UAE
  • Dubai
  • World
  • Business
  • GOLD/FOREX
  • REGION
    • South Asia
      • Pakistan
      • India
    • GCC
    • Middle East
  • REAL ESTATE
  • FEATURED
    • Featured Stories
  • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
  • ENVIRONMENT
  • Road To Financial Freedom
  • Health
  • Sports

© 2024 Dubai News TV - Powerd by Global Biz International.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.