Some TikTok users think the algorithm is different now, but did something really change after the short-lived ban of the app in the U.S.?

ByteDance’s valuation of TikTok at an impressive $200 billion presents a considerable challenge for potential buyers.

Perplexity AI proposes a deal for the US government to own 50% of a new entity merging with TikTok's US business. The revised proposal allows ByteDance to retain some ties but excludes the algorithm.

TikTok remains unavailable on Google and Apple’s app stores in the U.S. It can't be downloaded and users who still have the app could see its performance degrade.

Others who have reportedly considered buying TikTok include Elon Musk, real estate billionaire Frank McCourt, and Shark Tank host Kevin O’Leary. Trump recently said he would like Larry Ellison, who co-founded Oracle, to buy the platform.

Perplexity AI proposes to merge with TikTok to address national security concerns raised by the U.S. government. Perplexity AI, a U.S.-based search engine startup, has revised its merger proposal for TikTok’s U.

Perplexity AI has revised its merger proposal with ByteDance to create a joint entity, offering the US government up to 50% equity during an IPO valued at $300 billion. ByteDance would sell TikTok US to investors while retaining its recommendation algorithm.

The revised proposal allows for a new structure merging Perplexity AI and TikTok's U.S. business. The U.S. government could acquire up to a 50 percent nonvoting stake after a public offering valued at $300 billion or more. ByteDance would maintain equity in the new entity but cede control to a U.S. board.

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.

Perplexity is seeking to create a new $300-billion public company with TikTok's U.S. business and include investments from other investors.

When the Supreme Court upheld a law that banned TikTok from the US, it seemed well aware that its ruling could resonate far beyond one app. The justices delivered an unsigned opinion with a quote from Justice Felix Frankfurter from 1944: “in considering the application of established legal rules to the ‘totally new problems’ raised by the airplane and radio,