Perplexity AI Revises Tiktok Merger Proposal That Could Give US Government 50% Stake, CNBC Reports
(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.
The merger has been successfully completed based on the December 30th, 2024 binding contract announced on January 6th, 2025.
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