Perplexity AI Offers to Merge with Tiktok on Condition that US Government Takes Half of the Company

News Artificial Intelligence General Updates

Date: 27th Jan, 2025 Source: Ministry of Trade (Ticaret Bakanlığı) Country: Turkey Original Source

Brief

On 27/01/2025, the Ministry of Trade issued an update regarding Perplexity AI Offers to Merge with Tiktok on Condition that US Government Takes Half of the Company. Perplexity AI reportedly made a merger proposal to ByteDance, TikTok's Chinese parent company, demanding the US government take up to 50% ownership in future initial public offerings. A document also suggested establishing a new US holding company called "NewCo".

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Ministry of Trade (Ticaret Bakanlığı)

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Perplexity AI Offers to Merge with Tiktok on Condition that US Government Takes Half of the Company

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Perplexity AI Offers to Merge with Tiktok on Condition that US Government Takes Half of the Company

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Ministry of Trade (Ticaret Bakanlığı)

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