AppLovin Corporation Enters the TikTok Acquisition Fray

In a surprising turn of events, AppLovin Corporation has reportedly submitted a bid to acquire TikTok's United States operations from ByteDance Ltd., as revealed by CNBC on Wednesday. This development adds a new layer to the ongoing saga of TikTok's potential acquisition by American companies.

Diverse Bidders Emerge in the TikTok Acquisition Battle

The competition heats up with OnlyFans founder Tim Stokely's new startup, Zoop, and the Hbar Foundation, known for the cryptocurrency distributed ledger Hedera Hashgraph, also throwing their hats into the ring, according to Reuters.

Amazon's Reported Bid to Save TikTok from US Ban

Earlier reports suggested that Amazon.com Inc. has also proposed to acquire TikTok, aiming to prevent its impending ban in the US on April 5. This move comes amidst concerns over ByteDance's alleged connections to the Chinese government.