As the deadline for TikTok to secure a buyer approaches, competition for the popular short-video platform is intensifying. The latest contenders include Amazon and a separate consortium led by OnlyFans founder Tim Stokely, adding to the growing list of interested parties.
The U.S. government has mandated TikTok’s Chinese parent company, ByteDance, to divest its American operations due to national security concerns. With time running out, major tech firms and investors are scrambling to stake their claim in the lucrative social media landscape.
Amazon’s bid, if successful, could integrate TikTok into its vast digital ecosystem, while Stokely’s consortium hints at a different vision for the platform’s future. Other potential bidders, including major tech giants and private equity firms, are also expected to make their moves before the deadline.
ByteDance has yet to publicly comment on the latest developments, but the outcome of this high-stakes sale could reshape the social media industry for years to come.
