-- Perplexity AI has revised its merger proposal with ByteDance, the parent company of TikTok, that could pave the way for the U.S. government to own a stake, says a CNBC report.
according to a proposal document seen by CNBC. The document proposes ByteDance offer TikTok U.S., without its recommendation algorithm, in exchange for the company’s existing investors ...
a source familiar with the matter told CNBC. A Perplexity document shared with ByteDance and new investors proposed the creation of a new US holding company called “NewCo,” the person said.
Jeff Yass’s Susquehanna International Group, General Atlantic, Kohlberg Kravis Roberts (KKR) and Sequoia Capital are among ByteDance’s US backers. According to CNBC, Walmart is not participating in ...
Meta is testing a highly requested pause feature with a small group of users on Instagram Reels. The new feature is the latest sign that Meta is looking to capitalize on TikTok's uncertain future in ...