05:01 PM EDT, 04/04/2025 (MT Newswires) -- (Updates with company comment in the third paragraph.)

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.

"We have a deal that can provide a win for the Trump administration and for the creators of TikTok," Foroughi said in a statement emailed to MT Newswires. "Our proposal is an enhancement to the current deal being discussed with Oracle (ORCL) and investors, but it is a bigger deal."

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.

(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.)