Amazon may buy TikTok in the US.

According to sources, e-commerce giant Amazon made a last-minute offer to acquire TikTok before the April 5 deadline to prevent the platform from being banned in the United States.

Amazon is one of the latest names to jump into the race to buy TikTok in the US. Photo: New York Times .

The New York Times reported on April 2nd, citing sources, that Amazon was the unexpected last-minute bidder to acquire TikTok's operations, preventing the platform from being banned in the United States.

According to a 2024 US government law, ByteDance – the China-based parent company of TikTok – is required to divest, or the app will face a ban in the US.

The U.S. is concerned that ByteDance's ownership of TikTok could make the app a tool for the Chinese government to conduct influence campaigns and collect data on American citizens. Under the new law, ByteDance is required to sell TikTok by April 5th, or face a ban on operating in the U.S.

However, the source also added that other parties involved in the negotiations did not seem to take Amazon's offer seriously. According to a person familiar with the matter, the e-commerce giant made its bid to acquire TikTok in the US through a letter sent to Vice President JD Vance and Commerce Secretary Howard Lutnick.

Amazon previously attempted to create a TikTok clone called Inspire within its shopping app. According to sources cited by the New York Times , internal sources at the e-commerce platform viewed this as a groundbreaking initiative, but it was deemed unsuccessful in attracting shoppers.

Despite the US setting a deadline, China could play a decisive role in this deal. Trump has acknowledged that approval from the Chinese government is a crucial factor.

Source: https://znews.vn/amazon-co-the-mua-tiktok-tai-my-post1542862.html