TikTok remains accessible to U.S. users under a temporary extension granted by a 2024 law that prohibits the short-video platform unless its parent company, China-based ByteDance, relinquishes ownership. On his first day in office, January 20, President Trump delayed enforcement of the ban for 75 days, allowing TikTok to resume service for its more than 170 million American users following a brief shutdown.
Amazon, AMZN, in bid to buy TikTok in US
4/2/2025
Oracle (ORCL) is widely viewed by Wall Street analysts as the frontrunner to acquire TikTok’s U.S. operations, supported by both existing and new American investors.
According to The New York Times, Amazon recently submitted a letter expressing interest in acquiring TikTok. The letter was addressed to Vice President JD Vance and Commerce Secretary Howard Lutnick. However, the report noted that the parties involved in the ongoing negotiations “do not appear to be taking Amazon’s bid seriously.”
Amazon Stock Moves Higher
Shares of Amazon rose 1.6% to 195.27 in trading Tuesday, climbing after the New York Times report. The stock had been in decline since early February.
TikTok also runs an e-commerce platform that leverages its short-video content to drive sales. Analysts at Morgan Stanley previously noted that a TikTok acquisition would “make strategic sense” for Amazon, given the strong overlap between social media and online retail. Amazon and TikTok currently have an advertising partnership.
Still, Amazon’s bid could face complications due to ongoing antitrust scrutiny.
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