Perplexity AI's Strategic Bid for TikTok US

In a groundbreaking move, Perplexity AI has officially submitted a bid to ByteDance, TikTok's parent company, proposing a merger that would combine TikTok US, Perplexity, and new capital partners. This ambitious proposal is estimated to be valued well over $50 billion, according to a source cited by CNBC.

Designing a New Future Together

The proposed merger aims to enrich Perplexity's content with more video offerings while allowing ByteDance investors to keep their equity stakes. Despite ByteDance's public stance against selling TikTok US, Perplexity AI is optimistic about the merger's acceptance, as per insights from CNBC's source.

Timeline and Challenges Ahead

While the transaction could take months to finalize, TikTok has announced a potential shutdown in the United States by Sunday, unless President Joe Biden intervenes. This comes after President-elect Donald Trump hinted at a possible 90-day extension for ByteDance to divest from TikTok US, adding another layer of complexity to the negotiations.