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Perplexity Eyes TikTok Merger in $50 Billion Bid
Mint Hyderabad
|January 20, 2025
Perplexity AI submitted a bid to TikTok parent ByteDance Ltd, to merge with its US operations and create a new entity, according to a person with knowledge of the matter.
The structure would allow most of ByteDance's existing investors to retain their stakes, according to CNBC, which cited a person with knowledge of the situation, and reported on the bid earlier Saturday.
Representatives for Perplexity and TikTok declined to comment.
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