26 Jan, 25

Perplexity AI revises Tiktok merger proposal that could give US government 50% stake, CNBC reports By Reuters

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© Reuters. FILE PHOTO: Perplexity logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – Perplexity AI revised the merger proposal it had submitted to TikTok parent ByteDance, CNBC reported on Sunday.

The proposal, to create a new entity combining Perplexity and TikTok U.S., would now also allow for the U.S. government to own up to 50% of the new company upon a future initial public offering, CNBC said.



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