Amazon reportedly submits last-minute bid to acquire TikTok

Amazon has submitted a bid to acquire all of TikTok, according to a new report from The New York Times. The last-minute bid comes as TikTok faces an April 5 deadline to shed its Chinese ownership or face a ban in the U.S. However, the parties involved in the deal talks do not appear to be taking Amazon’s bid seriously, according to The Times’ report.

President Donald Trump is scheduled to meet with officials to discuss the app’s fate on Wednesday. Trump said earlier this week that a deal with TikTok’s parent company ByteDance to sell the app will be finalized before the April 5 deadline.

On Tuesday, Financial Times reported that Andreessen Horowitz is in talks to invest in TikTok as part of an Oracle-led bid that includes other American investors interested in purchasing the app.

Last week, Reuters reported that private equity firm Blackstone is considering joining ByteDance’s current non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in providing fresh capital to bid for TikTok’s U.S. operations.