Key Takeaways Perplexity AI has submitted a revised proposal for acquiring TikTok’s US business after feedback from the Trump administration. The new arrangement will allow the US government to own 50% of the new entity, A $300 million IPO can be expected following the formation of the new entity. Perplexity AI, the billion-dollar AI company

The search engine platform Perplexity AI submitted a bid to merge with TikTok on Saturday, a source familiar told The Hill. The move follows a Friday Supreme Court ruling that upheld the decision to enforce a ban on TikTok due to national security risks. Under the proposed deal…

With a TikTok ban looming in the United States, Perplexity AI is the latest bidder hoping to give the video app a new corporate home. CNBC first reported on Perplexity’s interest. A source with knowledge of the offer confirmed to TechCrunch that Perplexity (whose CEO Aravind Srinivas is pictured above) has submitted a bid to