Just hours before TikTok is set to disappear, startup Perplexity has made a bid to merge with the platform, as reported by CNBC and confirmed by Business Insider through a reliable source.
Potential Merger with Private Equity Firm
If the offer is accepted, TikTok, Perplexity, and private equity firm New Capital Partners would join forces to form a single entity, bringing an end to the prolonged uncertainty surrounding the app's future.
Estimated Value of the Merger
The insider indicated that the combined company has the potential to exceed a value of $50 billion, showcasing the magnitude of the proposed deal.
This story is still unfolding, so stay tuned for further updates and developments.
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By: mrussell@businessinsider.com (Melia Russell)
Title: Perplexity Makes Bid to Acquire TikTok
Sourced From: www.businessinsider.com/perplexity-bid-to-buy-tiktok-2025-1
Published Date: Sat, 18 Jan 2025 20:59:42 +0000
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