TikTok US Ban Live Updates: App likely to go dark today despite Trump’s 90-day reprieve offer

livemint.com:

TikTok US Ban Live Updates: Popular video-sharing platform TikTok is likely to go dark in the US on Sunday after a decision by the US Supreme Court unanimously upheld a bipartisan federal law giving TikTok time till 19 January to cut ties with its Chinese parent ByteDance or face a ban in the US ByteDance has said that TikTok will go dark in the US if the Joe Biden administration does not provide assurances to companies like Apple and Google about not facing enforcement action for hosting the short video app.Notably, incoming US President on Saturday signalled hope for ByteDance as he said that he would ‘most likely’ give TikTok a 90 day reprieve when he takes office on Monday. TikTok US Ban Live Updates: While many names have emerged in the race to take control of TikTok US, including billionaire Frank McCourt, Shark Tank investor Kevin O’Leary and former Treasury secretary Steven Mnuchin, ByteDance has publicly stated that it will not sell TikTok US.

This is why Perplexity believes that it has a shot with its new proposal given that it is offering a merger rather than an outright sale.TikTok US Ban Live Updates: Artificial Intelligence backed search engine Perplexity AI has submitted a bid with TikTok parent company Bytedance to merge with TikTok US, according to a Reuters report. Reportedly, Perplexity AI would merge with TikTok US and create a new entity called New Capital Partners.The report states that the proposal put forward by Perplexity would allow most of the existing ByteDance investors to retain their equity and lead to more video coming to the search engine.