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Amazon bids to buy TikTok as deadline looms, New York Times reports
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Amazon bids to buy TikTok as deadline looms, New York Times reports
Apr 2, 2025 9:24 AM

April 2 (Reuters) - Amazon.com ( AMZN ) has put in a

last-minute offer to buy all of short-form video app TikTok, the

New York Times reported on Wednesday, citing three people

familiar with the bid.

U.S. President Donald Trump will consider on Wednesday a

final proposal related to TikTok ahead of an April 5 deadline

for the app to find a non-Chinese buyer or face a ban in the

country, a White House official told Reuters on Tuesday.

ByteDance and TikTok did not immediately respond to Reuters'

requests for comment, and Amazon ( AMZN ) declined to respond.

Shares of Amazon ( AMZN ) rose 1.3% in a volume spike after the

report.

Various parties who have been involved in the talks do not

appear to be taking Amazon's ( AMZN ) bid seriously, the New York Times

said.

The bid came via an offer letter addressed to Vice President

JD Vance and Commerce Secretary Howard Lutnick, the report

added.

The future of the app used by nearly half of all Americans

has been up in the air since a 2024 law, passed with

overwhelming bipartisan support, required ByteDance to divest

TikTok by January 19.

Washington says TikTok's ownership by ByteDance makes it

beholden to the Chinese government, and Beijing could use the

app to conduct influence operations against the United States

and collect data on Americans.

Trump, after taking office for a second term on January 20,

signed an executive order seeking to delay by 75 days the

enforcement of the law, allowing TikTok to continue its

operations in the U.S. temporarily.

Since then, several parties have reportedly expressed

interest in TikTok, with Trump saying last month that his

administration was in touch with four different groups about the

sale of the platform.

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