What To Know as TikTok's Deadline To Be Sold or Banned Approaches [Yahoo! Finance]
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Source: Yahoo! Finance
Amazon, AppLovin, and a group led by Oracle have been reported as bidders for the app in recent weeks. President Trump had extended a Jan. 19 deadline by 75 days upon taking office, and reportedly met with advisors this week about a deal for TikTok. Social media platform TikTok is set to be banned in the U.S. on Saturday, unless a deal is reached with the app's Chinese parent company, or the deadline is extended again. The app, which is owned by Chinese social media company ByteDance, has received bids from a number of technology and media companies in recent weeks. President Donald Trump told reporters this week that a deal is "very close" to being made, without specifying which is likely to buy TikTok, Bloomberg reported Thursday. A wide range of potential buyers have reportedly made bids for TikTok in recent months, including Reddit ( RDDT co-founder Alexis Ohanian and "Shark Tank" host Kevin O'Leary. Amazon ( AMZN ) has also submitted an offer , according to reports Wed
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