Warner Bros. Discovery (WBD) has announced that it will be splitting up into two separate media companies. The new structure will see one entity retain Warner Bros. film, television and game studios, along with New Line Cinema, DC Studios, HBO and HBO Max, while the other will hold the company’s full portfolio of live cable channels, which includes many household names like CNN, HGTV, Cartoon Network, Discovery, TCL and others.
In a shareholder deck, WBD refers to these two entities as “WBD Global Networks” and “WBD Streaming & Studios,” and highlights the strengths of each portfolio. The company points out that the newly minted entities would each produce healthy free cash flow and intends for each to be listed as publicly traded companies. This comes just three years after the original merger between WarnerMedia and Discovery.
David Zaslav, the current CEO and president of WBD, will serve as president and CEO of Streaming & Studios. Gunnar Wiedenfels, currently CFO of WBD, will serve as president and CEO of Global Networks. Both remain in their current roles until the separation is complete.
“The cultural significance of this great company and the impactful stories it has brought to life for more than a century have touched countless people all over the world. It’s a treasured legacy we will proudly continue in this next chapter of our celebrated history,” said Zaslav in a statement. “By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today’s evolving media landscape.”
In an investor presentation, WBD announced it will be taking a $17.5 billion loan from J.P. Morgan to assist in a cash tender and consent solicitation for all of its approximately$35.5 billion in outstanding bonds. This means it will be buying back some of the bonds while also asking bondholders to loosen their terms, and will offer cash incentives to those who agree to sell or restructure. According to The Hollywood Reporter, the majority of the total debt will be held by Global Networks, while “a not-insignificant portion” will remain with Streaming & Studios. The exact breakdown of the debt at each entity remains to be seen, pending the outcome of the companies' debt restructuring.
This article originally appeared on Engadget at https://www.engadget.com/entertainment/warner-bros-discovery-will-split-into-two-media-giants-144553585.html?src=rss
FILE PHOTO: The exterior of the Warner Bros. Discovery Atlanta campus is pictured in Atlanta, Georgia, U.S. May 2, 2023. REUTERS/Alyssa Pointer/File Photo
Google is still waiting to hear how it will have to address its monopoly in the search engine business — it plans to appeal the judgement — but in the meantime, it also has to answer to its shareholders. According to a report from The Financial Times, Google's parent company Alphabet has reached a preliminary settlement with shareholders who were also suing the company for allowing Google's anticompetitive behavior, which they believe exposed the company to "reputational damage" and "substantial costs."
The new settlement will reportedly force Alphabet to rebuild its "global compliance structure" and will cost the company a minimum of $500 million over the next 10 years to make it happen. At its most basic, this means establishing some kind of committee within the Alphabet board to oversee regulatory issues, of which Google has accrued manyin the last few years.
"A new body made up of senior executives would meanwhile report directly to chief executive Sundar Pichai," FT writes, while another group "consisting of product managers and internal compliance experts," would consult. The goal is to prevent Alphabet and its subsidiaries from making the kind of business decision that led to Google being deemed a monopoly on multiple counts. A judge will need to approve the settlement before the company can move forward, though.
The case against Alphabet officials like Sundar Pichai and Sergey Brin was originally brought by a Michigan pension fund on behalf of shareholders back in 2021. In comparison to the structural changes the US Department of Justice is requesting, paying some money and forming some committees is a small ask. In the grand scheme of things, changing how Alphabet deals with regulation will likely be one of the more minor ways the company's business is forced to change in the next few years.
This article originally appeared on Engadget at https://www.engadget.com/big-tech/alphabet-settles-with-shareholders-over-google-antitrust-lawsuit-195636653.html?src=rss
OpenAI is buying Jony Ive's startup, io, for $6.5 billion, as first reported by The New York Times. The company confirmed the news in a blog post on its website headlined by the photo you see above, which is apparently real and not AI generated. As part of the deal, Ive and his design studio, LoveFrom, will continue to work independently of OpenAI. However, Scott Cannon, Evans Hankey and Tang Tan, who co-founded io with Ive, will become OpenAI employees, alongside about 50 other engineers, designers and researchers. In collaboration with OpenAI's existing teams, they'll work on hardware that allows people to interact with OpenAI's technologies.
OpenAI has not disclosed whether the deal would be paid for in cash or stock. Per the Wall Street Journal, it's an all-equity deal. Open AI has yet to turn a profit. Moreover, according to reporting from The Information, OpenAI agreed to share 20 percent of its revenue with Microsoft until 2030 in return for the more than $13 billion the tech giant has invested into it. When asked about how it would finance the acquisition, Altman told The Times the press worries about OpenAI's funding and revenue more than the company itself. "We'll be fine," he said. "Thanks for the concern." The deal is still subject to regulatory approval.
In an interview with The Times, OpenAI CEO Sam Altman and Ive, best known for his design work on the iPhone, said the goal of the partnership is to create "amazing products that elevate humanity." Before today, Altman was an investor in Humane, the startup behind the failed Humane AI Pin. HP bought the company earlier this year for $116 million, far less than the $1 billion Humane had reportedly sought before the sale.
"The io team, focused on developing products that inspire, empower and enable, will now merge with OpenAI to work more intimately with the research, engineering and product teams in San Francisco," OpenAI writes of the acquisition on its website. "As io merges with OpenAI, Jony and LoveFrom will assume deep design and creative responsibilities across OpenAI and io."
According to The Times, OpenAI already had a 23 percent stake in io following an agreement the two companies made at the end of 2024. OpenAI is now paying approximately $5 billion to take full control of the startup. Whether this points towards physical OpenAI devices on the horizon, and if so what form they take, remains unclear. The description for the YouTube video you see above says, "Building a family of AI products for everyone." Whatever comes out of the acquisition could take years to hit the market, and some of what Ive and his team do may never see the light of day.
This article originally appeared on Engadget at https://www.engadget.com/ai/openai-buys-jony-ives-design-startup-for-65-billion-173356962.html?src=rss
Two of the largest cable companies in the US are intent on merging. Charter Communications’ proposed acquisition of Cox Communications — the largest division of Cox Enterprises — will value the former at over $34 billion inclusive of debt.
In Cox Communications, the Cox family, which acquired its first cable business in 1962, already operates the largest private broadband company in America, supplying homes in more than 30 states, and it will be the majority shareholder in the acquisition with a stake of around 23 percent. In a press release, Charter said it will inherit Cox Communications’ commercial fiber and managed IT and cloud businesses, while Cox Communications' residential cable business will move to Charter’s Charter Holdings subsidiary.
"Cox and Charter have been innovators in connectivity and entertainment services – with decades of work and hundreds of billions of dollars invested to build, upgrade, and expand our complementary regional networks to provide high-quality internet, video, voice and mobile services," said Chris Winfrey, President and CEO of Charter. "This combination will augment our ability to innovate and provide high-quality, competitively priced products, delivered with outstanding customer service, to millions of homes and businesses."
The new combined company will continue to operate its cable, broadband and mobile consumer businesses under Charter’s Spectrum brand, and said it will offer existing customers the choice to stick with their current plans or pay less for new bundled services it intends to offer.
Of course, such mega-mergers are rarely cut and dried. Rivals, like Comcast, might attempt to scuttle the deal, while government antitrust enforcers may also not allow the transaction to go through.
This article originally appeared on Engadget at https://www.engadget.com/big-tech/cable-giants-cox-and-charter-agree-to-34-billion-merger-140652859.html?src=rss
Nintendo is throwing some cold water on Switch 2 sales estimates even though launch demand seems to be off the charts. In its latest earnings report, the company projected sales of 15 million Switch 2 units in its first year on sale to March 2026, fewer than analyst predictions of 16.8 million. It didn't explain the number but it's likely due to uncertainty around US tariffs and the fact that Nintendo is usually cautious with its forecasts.
Switch 2 sales opened with a bang as resellers immediately sold out and the company said Nintendo Switch 2 pre orders may not arrive until after the June 5th launch. That shows there's a lot of pent-up demand for the new model following the Switch's eight year run, but last month Nintendo delayed pre-orders due to concerns over Trump's tariffs on electronic goods. Despite its fears (and buyer complaints about the $450 price tag), the company received 2.2 million applications for pre-orders in Japan alone, a number that Nintendo said "far exceeds our expectations."
Speaking to investors after the earnings report was released, Nintendo president Shuntaro Furakawa cautioned that US tariffs are one area the company does not have control over. According to Yahoo Japan, Furakawa explained that Nintendo's current policy is to recognize the tariffs as a cost, but if additional tariffs necessitate a price increase in the US then demand in the country may fall. He also highlighted that rising prices of daily expenses and food could negatively impact customers' budgets for games. At present, the company expects 45 million Switch 2 games to be sold through the financial year.
Nintendo has sold over 150 million Switch consoles to date, including 17.79 million in the first 13 months — so the Switch 2 is on a similar pace, even with the conservative estimates. In any case, it needs to have a great year as sales have fallen off a cliff (down 30.3 percent over last year), as one would expect with a new console imminent.
Update, May 8, 2:30PM ET: This story was updated after publish to include comments from Nintendo president Shuntaro Furakawa on the potential future impacts of tariffs on Switch sales.
This article originally appeared on Engadget at https://www.engadget.com/gaming/nintendo/nintendos-switch-2-sales-forecast-predicts-15-million-consoles-in-its-first-fiscal-year-120044034.html?src=rss
OpenAI has abandoned its controversial restructuring plan. In a dramatic reversal, the company said Monday it would no longer try to separate control of its for-profit arm from the non-profit board that currently oversees operations. "We made the decision for the nonprofit to retain control of OpenAI after hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California," said Bret Taylor, the chairman of OpenAI.
OpenAI had originally argued its existing structure would not allow its nonprofit to "easily do more than control the for-profit." It also said it needed more money, a mere two months after securing $6.6 billion in new investment. "We once again need to raise more capital than we'd imagined," the company wrote in December. "Investors want to back us but, at this scale of capital, need conventional equity and less structural bespokeness."
OpenAI's previous plan called for the nonprofit to cede absolute control of the for-profit, in return for whatever degree of control came with the amount of stock it was granted through the reorganization process.
This was the controversial part of OpenAI's plan, with many, including former employees, labor and nonprofit groups and even Elon Musk, voicing opposition to the proposal. Now, the company says its nonprofit will retain control and become a "big shareholder in the PBC."
"How is the nonprofit going to maintain control? How will that purpose be advanced?" asks Jill Horwitz, a visiting professor of law at Northwestern University. "We know from the press that OpenAI plans to appoint all the board members of the operating entity. Will that happen forever? Who will they be? Will it be self-perpetuating? Will the for-profit investors have a say in who those board members are?"
Put another way, OpenAI hasn't said the exact structure that it intends to implement. According to Professor Michael Dorff, executive director of the Lowell Milken Institute for Business Law and Policy at UCLA, the company could adopt one of a few different options.
"If you had one class of stock, one vote per share, they would elect a board. You could just give the nonprofit the majority of the shares, and then they would then elect a majority of the board. They would therefore be in charge, at least for a while," he says.
"More stable governance arrangements could be done by having dual class shares, where the nonprofit would have a class of stock and they would be the only owners of that class of the stock that is either super voting shares, again, giving it a majority, or even better, you can define a class of stock and say it has the right to elect a majority of the board."
In short, the company hasn't said how it plans to ensure its nonprofit maintains control. The nonprofit may have a "big" stake to start, but there are a few different ways that stake could be diluted. Even if you set aside the idea of an IPO for now, the company could still issue new shares or carry out a stock split. In those scenarios, if OpenAI's non-profit doesn't own special shares, its control of the company would be weakened.
According to Bloomberg, Microsoft has yet to sign off on OpenAI's proposal. The company has invested nearly $14 billion into OpenAI. Under the terms of its October funding round, OpenAI had two years to transform itself into a for-profit business. If it failed to do so, the $6.6 billion it secured would turn into debt. We don't know for sure, but the question of control is likely front and center in the negotiations between Microsoft and OpenAI, with the company's financial future at stake. Complicating matters is that whatever arrangement the two come to, it needs to be rubber stamped by the state attorneys general of California and Delaware.
"We look forward to advancing the details of this plan in continued conversation with [the state AGs], Microsoft, and our newly appointed nonprofit commissioners," Altman wrote in his letter.
Parts of OpenAI's previous plan remain unchanged. As before, the company will reorganize its for-profit subsidiary into a public benefit corporation. In doing so, OpenAI still plans to eliminate the current capped profit structure that limits investor returns to 100x, with excess profits reserved for the nonprofit. OpenAI has yet to record a profit; as of last year, the company recorded around $5 billion in losses.
"This is not a sale, but a change of structure to something simpler," wrote OpenAI CEO Sam Altman in a letter to employees shared by the company. "Instead of our current complex capped-profit structure—which made sense when it looked like there might be one dominant AGI effort but doesn't in a world of many great AGI companies—we are moving to a normal capital structure where everyone has stock."
This article originally appeared on Engadget at https://www.engadget.com/ai/openais-new-for-profit-plan-leaves-many-unanswered-questions-193942365.html?src=rss
Sam Altman, co-founder and CEO of OpenAI, takes part in a panel discussion on artificial intelligence at the Technical University Berlin, in Berlin, Germany, February 7, 2025. REUTERS/Axel Schmidt
DoorDash has agreed to purchase British food and grocery delivery service Deliveroo for $3.9 billion, the companies have revealed in a filing with the London Stock Exchange. The acquisition will "strengthen DoorDash's position as a leading global platform," the filing said. Deliveroo operates in nine regions, namely Belgium, France, Italy, Ireland, Kuwait, Qatar, Singapore, United Arab Emirates and the United Kingdom. All those regions are new for DoorDash and will give the combined companies access to a total population that exceeds 1 billion people.
It doesn't sound like DoorDash is erasing Deliveroo's brand after it takes over. Instead, they'll both be part of an "Enlarged Group" operating in multiple regions around the world, giving DoorDash an expanded presence in Europe and giving it an entry into the Middle Eastern market. "Both companies are highly complementary, whether in their geographic footprints or their missions, and I am confident that being part of the Enlarged Group will accelerate the realisation of Deliveroo's full potential," Deliveroo chair Claudia Arney said in a statement.
The acquisition is still subject to regulatory and antitrust approvals. As CNBC noted, though, this marks the end of Deliveroo's problems as a public company. It has faced a lot of competition and legal challenges after a period of abundance for food delivery services during the COVID-19 lockdowns, and its share prices have plummeted since it went public in 2021. Before the company went public, Amazon took on the UK's Competition and Markets Authority to become a major investor in Deliveroo. The e-commerce company was the leading investor in a funding round worth $575 million and owned a 16 percent stake in the food delivery service.
This article originally appeared on Engadget at https://www.engadget.com/apps/doordash-is-buying-british-rival-deliveroo-for-39-billion-123005055.html?src=rss
Discord CEO and co-founder Jason Citron has announced that he's stepping down from his leadership role at the chat app and being replaced by Humam Sakhnini, a former executive from Activision Blizzard. Citron will remain on Discord's board of directors, and fellow co-founder Stanislav Vishnevskiy will continue acting as the company's chief technology officer.
"From the very beginning, our mission has been about bringing people together around games," Citron said in a statement. "It’s a mission I’ve dedicated my career to, and I'm confident that passing the torch to Humam is the right evolution for Discord's future." While initially pitched as a way to talk to friend's before, during and after playing games, Discord has morphed into a much larger and more general social platform, serving "more than 200 million monthly active users worldwide," the company says.
There's an important financial context to Citron's move. The New York Times reported in March that Discord was meeting with investors to take the company public. Sakhnini has experience acting as a leader of a public company. He was also the President of King Digital — the creator of Candy Crush and other popular mobile games — after the company was acquired by Activision Blizzard. A veteran executive could be a natural fit to usher Discord to an IPO. Citron didn't deny the plan when GamesBeat asked if the company would go public: "As you can imagine, hiring someone like Humam is a step in that direction."
Just a few years ago, Discord was reportedly in talks to be acquired by Microsoft, which seemed like a natural fit alongside Xbox. The rumored $10 billion deal fell through, but both Xbox and PlayStation platforms got Discord integration.
This article originally appeared on Engadget at https://www.engadget.com/apps/discords-ceo-and-co-founder-is-stepping-down-181851778.html?src=rss
Intel is reportedly preparing to further reduce its headcount, this time by laying off more than 20 percent of its employees. It could announce a plan to do so as soon as this week. The struggling company had 108,900 employees at the end of last year, so it may be set to cut tens of thousands of jobs. According to a Bloombergsource, the aim of the downsizing is to streamline management operations and refocus Intel with an engineering-driven culture.
Last August, Intel said it would cut more than 15,000 jobs to reduce costs. In fact, the company, which has been slow to embrace the industry's shift toward artificial intelligence, has been significantly reducing its headcount since 2022 amid declining sales.
These latest purported layoffs would mark one of the first major restructuring measures since Lip-Bu Tan became CEO in March after the sudden departure of Pat Gelsinger. The company is set to report its quarterly earnings results on Thursday. Companies that are restructuring often announce layoffs around the time they release earnings reports.
Tan has also pledged to sell off assets that aren't core to Intel's goals as he tries to turn the business around. Last week, it emerged that Intel is selling off a majority stake in chipmaker Altera for $4.46 billion. That deal is expected to close later this year.
This article originally appeared on Engadget at https://www.engadget.com/big-tech/intel-may-be-preparing-to-lay-off-20-percent-of-its-staff-161557058.html?src=rss
Consumer electronics brand Framework announced today on X that it will temporarily suspend US sales of select laptop models as a result of the global tariffs enacted for the country last week. The company said it will remove the Ultra 5 125H and Ryzen 5 7640U versions of its Laptop 13 systems from its website. At the time of publish, that Ultra 5 Intel model is not listed, but the Ryzen 5 one with the AMD chip appears to still be available for purchase.
In a follow-up post, the company said that it originally priced its laptops based on a 0 percent tariff for goods from Taiwan. With the current 10 percent tariff, the products would be sold at a loss. "Other consumer goods makers have performed the same calculations and taken the same actions, though most have not been open about it," Framework said.
Given the language of the initial post, this doesn't seem to be the end of US customers' chances to buy Laptop 13 models. But the sweeping tariffs on imports enacted by President Donald Trump last week have already sparked other industries to rethink their US sales and pricing. UK-based Jaguar Land Rover also paused shipments to the US as a result of the tariffs, while Japan's Nintendo has delayed pre-orders for the Switch 2 gaming console, although the launch date appears unchanged.
This article originally appeared on Engadget at https://www.engadget.com/computing/framework-pauses-some-us-laptop-sales-due-to-tariffs-221115971.html?src=rss
TikTok may be back online and in app stores, but its future in the United States is still far from certain. President Donald Trump’s executive order delaying enforcement of the ban was only a temporary reprieve for the company and the clock is once again running out on a potential ban.
While ByteDance was once resistant to the idea of selling TikTok’s US business, that seems to have changed since Trump took office. A ByteDance investor said early this year that striking a deal to keep TikTok in the US is “in everybody's interest." Officials in China also suggested they were “open” to a deal, according toThe Wall Street Journal.
A number of people and companies have signaled some interest in TikTok. Trump himself has said he would like to see a “bidding war” for the app and that the US government should own a stake in the company. What an eventual deal may look like, though, is unclear. These are the offers we currently know about. On March 9, Trump said the administration was "dealing with four different groups" on a potential deal, though he didn't name names.
Trump’s executive order gave the company 75 days to come to an agreement, though he has recently said he would "probably" extend the deadline if a deal isn't reached by April 5.
Oracle + new US investors
NPR reported in January that Oracle was working with Trump Administration officials 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 global operations.” Under this arrangement, ByteDance “would retain a minority stake in the company” but Oracle would oversee “the app's algorithm, data collection and software updates.”
Recent reports suggest that a new investors, including Silicon Valley heavyweight Andreesen Horowitz, would join TikTok's existing US investors to form a new entity. It could be called "TikTok America," according to a report in The Information. This option is likely appealing because it wouldn't require a new owner to attempt to re-architect the app's algorithm and because TikTok has an existing partnership with Oracle. The cloud company already hosts TikTok’s US user data and the company was a key part of TikTok’s original negotiations to remain operational in the US under a plan called Project Texas. (Those negotiations abruptly fell apart in 2022.)
Trump also previously signed off on a deal for Oracle and Walmart to acquire a 20 percent stake in TikTok in 2020, when the president tried to ban the app during his first term. That deal never materialized.
Microsoft
Microsoft is reportedly also interested in playing a role in TikTok’s future, according to the same NPR story, which said Microsoft was among the “other potential investors” involved in the talks with Oracle. Trump seemingly confirmed this. When asked directly if Microsoft was interested in buying TikTok, Trump responded “I would say yes.”
As with Oracle, this isn’t the first time Microsoft has attempted to acquire the social media company. Microsoft was in talks to buy TikTok in 2020 and take over its US business, but the deal abruptly fell apart. Microsoft CEO Satya Nadella later described it as “the strangest thing I’ve ever sort of worked on.”
Perplexity AI
Just before TikTok briefly went offline, Perplexity AI threw its hat into the ring, offering a deal to ByteDance that “would “create a new entity combining Perplexity, TikTok US and New Capital Partners.”
Since then, Perplexity has tweaked its proposal. The company put out a detailed plan outlining how it would rebuild the app's core recommendation algorithm, integrate shortform videos into its search engine and bring a Community Notes-like fact checking feature to the service.
Project Liberty
Another set of investors that’s proposed a bid to buy TikTok is a group known as Project Liberty. Led by investor Frank McCourt, it includes Kevin O’Leary of Shark Tank fame. The group initially came forward before the ban took effect.
In March, Reddit cofounder Alexis Ohanian announced that he was joining the Project Liberty bid to acquire TikTok's assets. "I'd love to see an app where users actually own their data and where creators have real control," he wrote in a short post on X that hinted at a potential tie-in with... the blockchain. "Imagine bringing all those users seamlessly onchain..." An accompanying video referenced the possibility of "decentralized distribution," but didn't offer details.
O’Leary previously told CNBC that deals involving a government stake may not comply with the law. “That 50/50 deal, I would love to work with Trump on, so would every other potential buyer ... But the problem with some of these ideas is they are inconsistent with the ruling of the Supreme Court,” he said. “I would love to do a deal, if the law provided for it, but I don’t have the luxury of breaching the order of Congress.” Later, he said that the deal "changes by the hour," writing on X that "it's clear to me now that we're going to have to do a dance between the original owners, the founders of ByteDance itself, and interpreting the law of what Congress and Supreme Court has upheld."
MrBeast
YouTuber MrBeast, also known as Jimmy Donaldson, joked on X about buying TikTok ahead of the initial ban. He later said that “so many billionaires” had reached out to him about making an offer that he was going to try to actually pull it off.
Okay fine, I’ll buy Tik Tok so it doesn’t get banned
At least one group has already confirmed his involvement, along with other “high-net-worth individuals” looking to make an “all-cash offer.” That group, led by employer.com founder Jesse Tinsley also reportedly includes Roblox CEO David Baszucki. According to Bloomberg, together they have put together “significantly” more than $20 billion for a bid, though it’s not clear how seriously their offer is being considered. Bloomberg noted that there’s also a possibility that MrBeast may attach himself to other bids.
Amazon
Amazon reportedly made a last-ditch bid to buy TikTok, according to reports in The New York Times and Wall Street Journal. The online retailer reportedly approached Vice President JD Vance and Commerce Secretary Howard Lutnick about the offer, which doesn't seem to be under serious consideration. Amazon declined to comment on the reports.
AppLovin
Another company to make a last-minute offer is AppLovin, a Silicon Valley company that makes software for app developers. The Wall Street Journalreported that the firm also has backing from Steve Wynn, a casino mogul and Trump donor. "AppLovin’s pitch to the Trump administration, which would be funded by Wynn, was that it could solve national security concerns and unleash economic growth as a job creator," The WSJ reported.
OnlyFans CEO Tim Stokely
Yet another eleventh hour bid for TikTok reportedly comes from OnlyFans CEO Tim Stokely. Reuters reports that Stokely (via a startup he runs called Zoop) partnered with the Hbar Foundation, a cryptocurrency firm, to bid on TikTok.
"Our bid for TikTok isn't just about changing ownership, it's about creating a new paradigm where both creators and their communities benefit directly from the value they generate," one of Zoop's executives told the publication.
So where does all this leave TikTok? For now, the company is still in limbo. Even if a tentative deal is announced ahead of the April 5 deadline, ByteDance and Chinese officials would also need to sign off on any agreement in order for it to move forward.
Update, March 10, 2025, 6:55PM ET: This story has been updated to add new statements from President Trump, as well as to add details about Reddit founder Alexis Ohanian joining the Project Liberty bid.
Update, April 2, 2025, 6:47PM ET: This story has been updated with new information regarding proposals involving Oracle and Perplexity AI. It's also been updated to reflect reported bids from Amazon, AppLovin and OnlyFans CEO Tim Stokely.
This article originally appeared on Engadget at https://www.engadget.com/social-media/what-will-happen-to-tiktok-a-look-at-the-potential-buyers-000110723.html?src=rss
Photo illustration of TikTok app logo on a smartphone screen displayed with the American flag (USA). Amsterdam, the Netherlands on January 2025 (Photo by Nicolas Economou/NurPhoto via Getty Images)