Amazon has put in a last-minute bid to acquire all of TikTok, the popular video app, as it approaches an April deadline to be separated from its Chinese owner or face a ban in the United States, according to three people familiar with the bid.
Various parties who have been involved in the talks do not appear to be taking Amazon’s bid seriously, the people said. The bid came via an offer letter addressed to Vice President JD Vance and Howard Lutnick, the commerce secretary, according to a person briefed on the matter.
Amazon’s bid highlights the 11th-hour maneuvering in Washington over TikTok’s ownership. Policymakers in both parties have expressed deep national security concerns over the app’s Chinese ownership, and passed a law last year to force a sale of TikTok that was set to take effect in January.
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Why is this legal? Isn’t there an authority that watches over fair competition in the USA?
- I don’t believe that it would apply in this case, as tiktok isn’t the only video media sharing platform in the USA. If amazon was buying all of video media platforms, that would be cause for concern.
- Yeah, there was. America also explicitly voted that they didn’t want fair competition at all. We’re just getting what we deserve.
I am wondering if the sale of TikTok is more about Trump getting some company to buy it where he can control the content
It would be exactly what dictatorships do
Control all media
Meh. If you’re the sort of person who cares, you probably stopped using TikTok when they started sucking up to Trump. If you still use it, you probably support Amazon, too.
Considering every single other attempt to get Bytedance to sell it has failed, I’m sure this one will definitely work. /s
