Perplexity AI revises Tiktok merger proposal that could give US government 50% stake, CNBC reports-December 2024-www.financetom.com

Perplexity AI revises Tiktok merger proposal that could give US government 50% stake, CNBC reports

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Perplexity AI revises Tiktok merger proposal that could give US government 50% stake, CNBC reports

Jan 26, 2025 2:48 PM

(Reuters) - Perplexity AI revised the merger proposal it had submitted to TikTok parent ByteDance, CNBC reported on Sunday.

The proposal, to create a new entity combining Perplexity and TikTok U.S., would now also allow for the U.S. government to own up to 50% of the new company upon a future initial public offering, CNBC said.

Previous page： US says two Pinterest directors resign from Nextdoor board of directors Next page： Ontario teachers said to mull $100 million Xpressbees investment

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

US says two Pinterest directors resign from Nextdoor board of directors

Aug 16, 2023

The Justice Department did not identify the board members. Nextdoor said in a filing to the government in late July that Leslie Kilgore and Andrea Wishom had decided to step down from Nextdoor’s board.

Ontario teachers said to mull $100 million Xpressbees investment

Aug 4, 2023

The Canadian pension investor may buy a stake in the firm at about a $1.4 billion valuation. The funds would potentially be used for purposes including acquisitions.

FM invites JBIC for engagement with NIIF, EXIM Bank of India

Aug 16, 2023

JBIC governor appreciated the initiatives of the government of India towards facilitating investment through various instruments like PLI schemes and National Infrastructure Pipeline (NIP); besides GST reforms.

India, Vietnam hold 5th Joint Trade Sub-Commission meeting, explore bilateral trade expansion

Aug 8, 2023

India and Vietnam discussed the challenges in logistics that affect bilateral trade and agreed to explore direct shipping services, collaboration in freight movement and improving air connectivity, according to a release by Ministry of Commerce and Industry.