Perhaps the most appealing option for ByteDance ... If the plan is approved, Perplexity AI and TikTok US would be merged into a new entity. And once TikTok reaches an initial public offering ...

According to a source cited by Reuters, the updated plan proposes the formation ... of at least $300 billion during the IPO. As per documents shared with ByteDance and political investors ...

Any such transaction could affect plans for a future ByteDance initial public offering, with the company valuing itself at $300bn during a recent share buyback programme. The company drew up its huge ...

Perplexity AI has revised its merger proposal to ByteDance, the parent company of TikTok, to include a provision allowing the US government to own up to 50% of the new entity following an IPO, CNBC ...

ByteDance is set to invest more than 87.2bn yuan ($12bn) in artificial intelligence (AI) infrastructure in 2025, aiming to leverage cutting-edge technology for growth, reported the Financial Times.

The first proposal, which ByteDance has not responded to ... to own up to half of that new structure once it makes an initial public offering of at least $300 billion (€286 billion), said ...

Perplexity AI is proposing a plan that gives the U.S. government ... to own half of TikTok once Perplexity makes an initial public offering of at least $300 billion, a person, who was not ...

which would 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 IPO, CNBC has learned. A proposal ...

The proposal, submitted last week, is a revision of a prior plan the artificial intelligence startup ... to own up to half of that new structure once it makes an initial public offering of at least ...

Perplexity AI has submitted a revised proposal to TikTok's parent company, ByteDance ... the new plan, the US government would acquire its stake during the entity's initial public offering ...

In context: Artificial intelligence startup Perplexity AI recently proposed a merger with ByteDance's TikTok US operations. As part of a revised plan ... an initial public offering valued at ...