Categories: Business

Applovin joined the last-minute Tiktok auction war before the United States ban

Adtech Company Applovin submitted a last -minute offer to acquire Tiktok operations outside China, joining a crowded list of contenders one day before an American prohibition by Tiktok took effect.

Applovin confirmed that he had submitted a preliminary “indication of interest” to President Donald Trump in a SEC Dry file on Thursday.

The company, which helps developers to market and announce their applications, said in the file that “there can only be a transaction involving Tiktok.

We do not know exactly how Applovin would finance or structure an agreement, given the vast scale of Tiktok. It is estimated that Tiktok American operations have a sale value of $ 40 billion at $ 50 billion.

Wedbush analyst Dan Ives previously suggested that Tiktok’s global assessment could exceed $ 100 billion, potentially reaching $ 200 billion if his algorithm is included in the calculation. Applovin has a market capitalization of just over $ 89 billion.

The offer applies from a growing list of pretenders at an advanced stage in the running for Tiktok while American legislators put pressure for the separation of his Chinese parent company, Bytedance.

This week, Amazon made a last -minute offer to buy Tiktok, reported the New York Times. And Wednesday, Reuters reported that a consortium led by the single founder of fans Tim Stokely had submitted the intention to bid on Tiktok.

They add to a wave of other names related to the purchase of Tiktok.

Oracle has become a leading competitor, according to several reports, with an agreement involving the surveillance of US User data from Tiktok.

The Youtuber MRBEAST said in January that it was part of an offer of all cases for Tiktok American operations.

The other parts linked to a Tiktok agreement include Microsoft, Walmart, the Rumble video sharing platform and the perplexity of AI startup.

The future of Tiktok in the United States has been uncertain since April 2024, when the Congress forced American affairs of Bytedance to sell US Tiktok companies or to face a national ban. After taking office in January, Trump extended this 75 -day deadline.

The White House was directly involved in the talks of the agreement while the national security problems remain at the heart of the negotiations.

Trump on Wednesday introduced a rate rate of 54% effective on Chinese imports. The president told journalists on Air Force One Thursday that it gives the United States a “great power” to negotiate and a potential negotiation program in a tiktok agreement. On Friday, China announced a rate of 34% on all imported products from the United States.

businessinsider

William

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