04:06 PM EDT, 04/04/2025 (MT Newswires) -- AppLovin ( APP ) Chief Executive Officer Adam Foroughi said Friday in a CNBC interview that his company's offer for TikTok is "a much stronger bid than others."

Foroughi is proposing a merger with TikTok's global business to enable China to run the app using AppLovin's ( APP ) AI-powered advertising model for business expansion, CNBC said.

US President Donald Trump on Friday extended the deadline to June for TikTok-owner ByteDance to sell the social media platform's US subsidiary to an American suitor.

AppLovin ( APP ) didn't immediately respond to a comment request from MT Newswires.

(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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