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Bid for TikTok could give US Government a 50% stake
New bid for TikTok from Perplexity AI could give US government 50% stake
WASHINGTON (AP) — Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter.
New TikTok Bid Could Give US Government 50% Stake
The revised proposal allows for a new structure merging Perplexity AI and TikTok's U.S. business. The U.S. government could acquire up to a 50 percent nonvoting stake after a public offering valued at $300 billion or more. ByteDance would maintain equity in the new entity but cede control to a U.S. board.
Perplexity AI Wants to Merge With TikTok, Give Government Half of the Company
TikTok, which faces the ticking clock of a ban enforcement, is being pursued by several suitors for a US merger or sale.
Trump, government Watch Dogs
Trump presses pause on parts of the federal government
Heads of federal agencies turned Trump’s executive orders into mandates to cut communication with outside parties, halt most foreign aid, and pause legal filings.
Trump fires 17 government watchdogs at various federal agencies
President Donald Trump fired more than a dozen government watchdogs late Friday in a move that appears to have violated federal law requiring him to notify Congress.
Trump fires at least a dozen government watchdogs
Democrats described Trump's late-night firing of the federal agency inspectors general as an 'attack on Democracy'.
5d
Is the United States turning into an oligarchy? What scholars say about Biden’s warning
As the 2024 presidential race entered its final stretch, the nation’s richest tech leaders gravitated toward Trump’s side.
4d
on MSN
President Donald Trump has restored freedom of speech in the United States
On Day One, President Donald Trump restored freedom of speech in the United States. If you weren’t aware that it had been ...
2d
Mexico prepares tents in border cities to receive Mexicans deported from United States
Mexico is constructing tents to receive Mexican nationals deported under Trump's mass deportations and provide them with ...
4d
Claims that the United States is sending taxpayer money to the Taliban need context
The U.S. government doesn’t send funds directly to the Taliban, but it has acknowledged that the terrorist group has ...
2d
Musk Plan for Retooling Government Takes Shape, but Big Questions Loom
The rebranding of a former White House digital office into the new Department of Government Efficiency signals its potential ...
3d
on MSN
Trump DHS finds 'mass influx' of illegal migrants at southern border, requests assistance from all 50 states
President Trump's Department of Homeland Security finds "an actual or imminent mass influx" of illegal immigrants at the southern border.
6d
Canada's Healthcare System Has No Place In The United States
The worst part about making Canada the 51st state would be absorbing its government-run, single-payer healthcare system.
5d
on MSN
States, civil rights groups sue to stop Trump’s birthright citizenship order
Legal experts said the president’s executive order would upend precedent and is unlikely to pass constitutional muster.
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Donald Trump
Tiktok
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