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Perplexity AI submits bid to merge with TikTok | TechCrunch

Perplexity AI submits bid to merge with TikTok | TechCrunch
January 19, 2025



With a TikTok ban looming in the USA, Perplexity AI is the most recent bidder hoping to present the video app a brand new company house.

CNBC first reported on Perplexity’s pastime. A supply with wisdom of the be offering showed to TechCrunch that Perplexity (whose CEO Aravind Srinivas is pictured above) has submitted a bid to merge with TikTok US.

The supply additionally showed different information about the bid — that it will create a brand new entity combining Perplexity, TikTok US, and new fairness companions; that almost all buyers in TikTok’s mum or dad corporate ByteDance would have the ability to retain their fairness; and that via merging, Perplexity hopes to deliver extra video to its AI seek engine.

A regulation requiring ByteDance to both promote TikTok or see it banned in america is about to take impact on Sunday, January 19. That might be President Joe Biden’s remaining day in administrative center, and officers from his management have mentioned that it’s going to depart the true implementation of the ban “to the following Management.”

In the meantime, President-elect Donald Trump, who might be inaugurated on Monday, mentioned he would “perhaps” give TikTok a 90-day extension, and TikTok’s CEO posted a video thanking Trump for his efforts.

Then again, TikTok mentioned that with out extra specific assurances of non-enforcement from the Biden management, it’s going to be “compelled to move darkish” on Sunday.

In spite of quite a few patrons expressing pastime in TikTok, ByteDance has mentioned again and again that it does no longer intend to promote. (The corporate described a file that the Chinese language executive is open to an acquisition via Elon Musk as “natural fiction.”) CNBC experiences that Perplexity is hoping it might probably conquer the ones reservations via proposing a merger reasonably than a sale.

TechCrunch has reached out to TikTok and Perplexity AI for remark.

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