Perplexity Offers U.S. Government 50% Stake in TikTok Merger Deal
Perplexity has proposed a significant restructuring deal for TikTok's U.S. operations, offering the U.S. government up to 50% ownership in a new merged entity. This revised proposal follows an earlier offer submitted to ByteDance on January 18.
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Key details of the new proposal:
- U.S. government could own 50% after an IPO valued at minimum $300 billion
- ByteDance would remain as a minority investor
- Full U.S. board control would be implemented
- TikTok's algorithm would be separated from Chinese ownership
- The deal aims to satisfy Trump administration's security concerns
The proposal aligns with former Treasury Secretary Steven Mnuchin's stance that TikTok's technology must be disconnected from both China and ByteDance. This development comes as Oracle and other investors are reportedly discussing taking over TikTok's global operations.
ByteDance has not yet responded to either the initial or revised proposal. The deal's structure addresses key concerns about Chinese control while maintaining ByteDance's partial involvement in the platform's future.
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