Perplexity AI proposes a deal for the US government to own 50% of a new entity merging with TikTok's US business. The revised ...

Numerous potential buyers, including PerplexityAI and the internet advocacy group, Project Liberty, have publicly stated ...

Kevin O’Leary’s $20B TikTok offer is rejected as ByteDance confirms it won’t sell the key technology behind the app’s success ...

The bankers definitely want in despite this being a heavy lift because the fees on an estimated $20-plus billion deal could ...

Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% ...

Perplexity AI proposes a merger with TikTok U.S., offering a new U.S. holding company where the U.S. government would own up to 50% post-IPO, excluding TikTok's core algorithm. The proposal aims to ...

The revised plan outlines the creation of a new US holding company, "NewCo." Under this proposal, ByteDance would divest ...

Perplexity is seeking to create a new $300-billion public company with TikTok's U.S. business and include investments from ...

Perplexity AI has revised its merger proposal with ByteDance to create a joint entity, offering the US government up to 50% ...

The aim is to place oversight control in the hands of American software company Oracle and other investors. Under federal law ...

Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ...