The latest plan for a TikTok buyout, by Perplexity AI, would give the U.S. government up to a 50% stake in the company’s domestic business.

Why Was TikTok Banned? Congress voted to ban TikTok in the U.S., citing concerns that the platform's ownership structure posed a security risk. The Biden administration spent mont

A new bidder has emerged to buy the U.S. business of TikTok with a proposal that would see the government own a stake in the popular Chinese-owned video app, a person familiar with the discussions told The Associated Press.

ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

By Dawn Chmielewski, Kanishka Singh and Milana Vinn NEW YORK/WASHINGTON (Reuters) -The administration of U.S. President Donald Trump is working on a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to effectively take control of the app's operations,