Jan 26, 2025 · 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.

5 days ago · TikTok’s Algorithm Stays with ByteDance in Proposed U.S. Deal. A notable and contentious aspect of the Perplexity AI proposal is the exclusion of TikTok’s proprietary recommendation algorithm from the deal. ByteDance would retain ownership of this critical technology, which has been instrumental in making TikTok one of the most engaging and widely used platforms globally, with nearly 1.6 ...

Jan 26, 2025 · A proposal document viewed by CNBC, which was shared with ByteDance and prospective new investors, detailed the creation of a new U.S. holding company, "NewCo."

Jan 18, 2025 · Perplexity AI submitted a bid on Saturday to TikTok parent ByteDance, proposing that Perplexity merge with TikTok U.S., CNBC has learned.

The proposed merger would combine Perplexity's AI-powered search engine with TikTok's U.S. operations, bringing video content to Perplexity's platform and giving ByteDance's investors the...

Jan 27, 2025 · Perplexity AI submitted a revised merger proposal to TikTok’s Chinese parent ByteDance as the popular video-sharing app stares down a national ban, according to multiple reports.

Jan 27, 2025 · Search engine startup Perplexity AI has reportedly revised its plans to merge with TikTok. Under the new proposal — submitted to TikTok owner ByteDance — the U.S. government would own up...

Jan 27, 2025 · Perplexity AI has revised its merger proposal with ByteDance to create a joint entity, offering the US government up to 50% equity in an IPO valued at $300 billion.

Jan 27, 2025 · Perhaps the most appealing option for ByteDance could be if Trump blessed a merger between TikTok and Perplexity AI—a San Francisco-based AI search company worth about $9 billion that appears to ...

Jan 27, 2025 · Under the proposal, ByteDance would sell TikTok US to the investors, which would give TikTok's existing investors equity in the company. ... Perplexity AI would also offer to be acquired by the holding company if its own investors received a distribution of the NewCo equity, the person said. Discover the stories of your interest. Blockchain.