TikTok Potential Buyers Emerge

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4 hours ago

Summary

TikTok has attracted several buyers amid concerns over its data security. Steven Mnuchin is leading an investor group to acquire the app, while Oracle and Walmart have previously expressed interest. Microsoft and Rumble are also in talks, with Perplexity AI submitting a bid last month.

Key Points

Steven Mnuchin, former US Treasury Secretary, is putting together an investor group to buy TikTok.
Oracle, which made a previous bid for the app in 2020, is reportedly a top choice for storing US user data.
Walmart has expressed interest in acquiring TikTok, potentially to enhance its e-commerce reach.
Microsoft and Rumble are also in talks to acquire the app, with Perplexity AI submitting a bid last month.

Why It Matters

The acquisition of TikTok could have significant implications for its buyers, including access to its massive user base and potential integration with existing services. The deal could also impact data security concerns surrounding the app.

Author

Lauren Forristal

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