BREAKING: Perplexity Submits Bid to Acquire TikTok's US Operations Amid Deadline Looms

Fortune

TikTok's Chinese parent company faces a looming deadline to offload its US operations or risk a shutdown on Sunday. Perplexity has reportedly submitted a bid to merge with TikTok's US unit, potentially saving the social media giant from a forced shutdown. The proposed deal comes as the US government cracks down on Chinese tech companies, citing security concerns. With the clock ticking, a sale or merger seems increasingly likely, with popular keywords like social media, digital marketing, and online security hanging in the balance. The future of TikTok's US operations remains uncertain as the deadline draws near.