According to a new report from The New York Times, Amazon has submitted a bid to get all of Tiktok. Last-minute bids come as Tiktok faces the April 5 deadline to drop China's ownership or face a ban in the US, but according to a Times report, it appears that the parties involved in the contract consultations are not taking Amazon's bids seriously.
President Donald Trump is scheduled to meet with officials to discuss the fate of the app on Wednesday. Earlier this week, Trump said that contracts with the ordinance by Tiktok's parent company to sell the app will be finalised before the April 5 deadline.
On Tuesday, the Financial Times reported that Andreessen Horowitz was in discussions to invest in Tiktok as part of an Oracle-led bid that includes other American investors interested in purchasing the app.
Last week, Reuters reported that private equity firm Blackstone is considering joining the current non-Chinese shareholders of Baitedan, led by Susquehanna International Group and the Atlantic General, and is considering providing fresh capital to bid for Tiktok's US operations.