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-0.00114806168918148 -0.00114806168918148 -0.00110979296620858 -0.00352072251348979 -0.00489839654050734 0.00168382381079942 0.00256400443917193 0.000727105736481565
Stock impact report

AppLovin bids for TikTok in all markets outside of China [Yahoo! Finance]

Applovin Corporation - Class A (APP) 
Company Research Source: Yahoo! Finance
President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans. AppLovin's indication of interest is preliminary and there can be no assurance that a transaction involving the company will proceed, it said in a regulatory filing. Bidders for the short video social media company are piling up, as the weekend deadline for TikTok to find a buyer approaches. Amazon and, separately, a consortium led by OnlyFans founder Tim Stokely are the latest to throw their hats into the ring for TikTok. U.S. officials have raised security concerns over the app's ties to China, which TikTok and its owner, ByteDance, have denied. Trump said last month his administration was in touch with four different groups about the sale of the platform, without identifying them. Private equity firm Blackstone is discussing joining ByteDance's non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in contributing fresh capital to bid Show less Read more
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