Amazon made a surprise last-minute bid to acquire TikTok ahead of the April 5 deadline set by the Trump administration for ByteDance to divest its U.S. operations or face a nationwide ban.
President Trump is weighing multiple bids, including a proposal from OnlyFans founder Tim Stokely. Stokely’s new company, Zoop, has partnered with a crypto-currency foundation to develop a monetization-focused model.
Existing U.S. investors like Susquehanna and KKR aim to take majority control, with Oracle expected to expand its role in data oversight.
Andreessen Horowitz and Blackstone are also interested. The deal must remove Chinese ownership to satisfy U.S. law, and Trump said he’s open to extending the deadline if needed.
