Amazon.com has reportedly made a last-minute offer to acquire TikTok, the popular short-form video app, according to the New York Times. The bid comes just days before the April 5 deadline for TikTok to find a non-Chinese buyer, or face a potential ban in the United States.
The offer was made to Vice President JD Vance and Commerce Secretary Howard Lutnick, although sources familiar with the discussions suggest that Amazon’s proposal is not being taken seriously by other parties involved in the talks.
Shares of Amazon rose by 1.3% following the report of the offer. However, neither ByteDance, TikTok’s parent company, nor Amazon immediately commented on the matter.
This move comes after a 2024 law, passed with broad bipartisan support, mandated ByteDance to divest from TikTok by January 19, citing national security concerns. Washington has expressed fears that TikTok’s Chinese ownership could lead to influence operations and data collection on Americans by the Chinese government.
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