Perplexity AI has submitted a revised proposal to merge with TikTok, in an arrangement that would give the U.S. government up to 50 percent ownership of

If the plan is successful, the shares of TikTok owned by the government would not have voting power, the person said.

President Donald Trump told reporters Saturday, "Numerous people are talking to me, very substantial people, about buying" TikTok.

President Donald Trump hasn’t been shy about sharing his thoughts since taking office, and he added a 20-minute Q&A with reporters aboard Air Force

Numerous potential buyers, including PerplexityAI and the internet advocacy group, Project Liberty, have publicly stated their interest in the app.

Oracle and a group of investors that includes Microsoft are in talks to take over TikTok’s global operations, reports NPR. The deal, which the White House is reportedly negotiating, would see ByteDance keeping a minority stake in TikTok while “the app’s algorithm,

Oracle would reportedly control TikTok's data collection, algorithm, and software updates, but Chinese owner ByteDance would maintain a minority stake.