A proposal document viewed by CNBC, which was shared with ByteDance and prospective new investors, detailed the creation of a ...

Perplexity AI search startup has a new proposal to merge with TikTok, which would give the US government a stake of up to 50%.

AI startup Perplexity is making a play for TikTok U.S., and the company's team is taking a page from President Donald Trump’s "America First" playbook.

Perplexity AI would merge with TikTok US to become a new company called “NewCo.” ByteDance, TikTok’s parent company, wouldn’t cut ties completely, but a newly formed U.S. board of ...

Perplexity AI submitted a revised merger proposal to TikTok’s Chinese parent ByteDance as the popular video-sharing app stares down a national ban, according to multiple reports. Under the new ...

Perplexity AI has presented a new proposal to ... The government also would not get a seat on the new company's board. ByteDance and TikTok did not immediately respond to a request for comment.

While no companies yet have hit the home run and successfully secured a deal with ByteDance, companies like Perplexity AI have made their massive bids for a piece of TikTok. It may seem odd that ...

excluding TikTok's core recommendation algorithm, which ByteDance intends to retain. The envisioned IPO for the new entity is expected to value it at a minimum of $300bn. Perplexity AI has also ...

Jan 26 (Reuters) - U.S. search engine startup Perplexity AI has revised the merger proposal it had submitted to TikTok's Chinese parent ByteDance to create a new entity combining Perplexity and ...