AppLovin confirmed that it has expressed interest in acquiring TikTok in all markets outside of China to President Trump as the deadline to sell or shut the social-media app approaches.
The mobile advertising technology company on Thursday said that the indication of interest it provided is preliminary.
"There can be no assurance that a transaction involving the company will proceed," AppLovin said in a Securities and Exchange Commission filing.
The Trump administration's deadline regarding the future of TikTok is April 5, and the president was briefed Wednesday on a framework that would keep it operational.
The Wall Street Journal on Wednesday reported that AppLovin had made a bid for TikTok and talked to casino magnate Steve Wynn about backing it, citing people familiar with the matter.
Amazon.com also submitted a last-minute bid that came via an offer letter addressed to Vice President JD Vance and Howard Lutnick, the commerce secretary, the Journal reported, citing people briefed on it.
Vance, Lutnick and Mike Waltz, Trump's national security adviser, and Director of National Intelligence Tulsi Gabbard were in attendance at the Wednesday meeting to discuss a potential TikTok deal.
Authorities in Beijing have signaled that China would be open to a deal, but see it as part of a cluster of issues it hopes to negotiate with Washington, including tariffs, according to people familiar with the government's thinking.
Congress set a Jan. 19 deadline for TikTok to either divest itself from ByteDance or be banned in the U.S. After Trump was inaugurated, he extended that deadline to April 5. The president credits the video-sharing and livestreaming app for helping him reach younger voters in his campaign.
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