AppLovin has bid for TikTok assets outside China, responding to a deadline set by Trump for the sale to a non-Chinese entity. Various other bidders have emerged, reflecting ongoing security concerns regarding TikTok’s ownership. The fate of the app remains uncertain amid regulatory pressures.

AppLovin, a marketing platform, has submitted a preliminary bid for TikTok’s assets outside China, in accordance with the April 5 deadline imposed by former U.S. President Donald Trump. This deadline mandates the identification of a non-Chinese buyer for TikTok, which is utilized by approximately 170 million Americans. However, AppLovin cautioned that there is no guarantee that any transaction will materialize.

The bidding landscape for TikTok is rapidly evolving, with various prominent entities expressing interest ahead of the impending deadline. Significant bidders include Amazon and a consortium led by Tim Stokely, while security concerns continue to surround the app’s Chinese ownership. The future of TikTok hinges on the successful navigation of legal and regulatory challenges ahead.

Original Source: money.usnews.com

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