Applovin in negotiations for potential TikTok bid, sources say
Summary
AppLovin is one of the companies in negotiations to potentially acquire TikTok, sources familiar with the situation told CNBCs David Faber on Wednesday. The Trump administration, which has been trying to shepherd a deal to shift control of the Chinese-owned app to an American company, is "fully aware" of AppLovins interest in TikTok, the sources said. Faber said, based on his reporting, that its unclear whether any of the U.S. parties interested in TikTok will be able to take control of the non-Chinese part of the companys business. TikTok could be effectively banned in the U.S. on April 5, because of a national security law originally signed by former President Joe Biden that requires Chinese parent ByteDance to divest the apps American operations. ByteDance originally faced a Jan. 19 deadline to sell TikTok, but Trump signed an executive order instructing the attorney general to not enforce the law, granting the company 75 more days to unload the U.S. portion of its business.