Perplexity AI's Revised Merger Proposal with TikTok: U.S. Government to Own 50%, No Voting Power
Perplexity AI revised its TikTok merger proposal, offering the U.S. government a 50% stake in the new company to address security concerns while keeping ByteDance's partial involvement. The deal comes amid pressure from the Trump administration and U.S. law requiring TikTok to sever ties with its Chinese parent or face a ban.
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