Amazon reportedly also wants to buy TikTok's US business

Summary: Amazon has reportedly placed a last-minute bid to buy TikTok’s US business. But, it’s not the only company that’s placed a bid lately. Startup Zoop, a company by OnlyFans’ founder, is also joining the race.

Meanwhile, the latest post in this matter hints that the White House is close to approving the sale of the short-video platform to multiple investors. The drama around the sale of TikTok’s US business is taking new twists and turns every other day. Only yesterday, reports about Andreessen Horowitz joining the purchase race surfaced online.



Today, we have yet another contender. It’s Amazon, which is reportedly also willing to buy TikTok’s US business.Amazon is the latest contender to join the race to buy TikTok’s US businessAccording to a report by The New York Times, Amazon has placed a bid to buy all of TikTok.

Sources familiar with the story reportedly said that other parties are not taking Amazon’s bid seriously. Per the report, the bid came through an offer letter addressed to Vice President JD Vance and Howard Lutnick, the Commerce Secretary.While Amazon declined to comment on the report, it’s evident that many parties want to have a piece of TikTok.

It is one of the most popular video-sharing platforms with billions of monthly active users. No wonder, big U.S.

companies are taking an interest in acquiring its business operations.In a separate report, Reuters notes that Startup Zoop, a company by the founder of OnlyFans, has also placed a bid to buy the video-sharing platform. The company is reportedly partnering with an unnamed cryptocurrency platform.

Tidbits from the latest report by the Financial TimesAt the time of writing, the Financial Times (FT) published a report hinting that the White House is close to sealing TikTok’s U.S. business deal.

Per the report, Andreessen Horowitz, Black Stone, Silver Lake, and other U.S. capital giants would get half of the chunk of TikTok’s US business.

Meanwhile, TikTok’s existing investors like General Atlantic, Susquehanna, KKR, and Coatue would reportedly own 30% of the business. Moreover, people familiar with the matter told FT that Oracle “would secure TikTok’s US data as part of the deal.“The post Amazon reportedly also wants to buy TikTok's US business appeared first on Android Headlines.

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