12:18 PM EDT, 04/02/2025 (MT Newswires) -- Amazon.com ( AMZN ) made a last-minute bid to acquire TikTok's US operations as the deadline nears to separate from its Chinese owner or face a ban in the US, The New York Times reported Wednesday, citing three sources familiar with the bid.

The bid was made through a letter addressed to Vice President JD Vance and Commerce Secretary Howard Lutnick, the report said, adding it seems it's not being taken seriously.

TikTok has until Saturday to change its ownership structure or risk a ban. The Trump administration is due to meet Wednesday regarding the app.

Amazon ( AMZN ) and TikTok did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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