The AppLovin marketing platform said on Thursday it presented an offer for Tiktok’s assets outside China, before April 5 established by US President Donald Trump, to find a non-Chinese buyer for the short videos used by 170 million Americans.
AppLovin said in a regulatory document that its proposal for Tiktok is preliminary and there is no guarantee that a transaction will occur.
Bidders for the social network are accumulating as the deadline for Tiktok to find a buyer approaches. Tiktok did not immediately respond to a request for comment from Reuters.
“Tiktok’s addition could accelerate AppLovin’s transition to a global advertising power, but regulatory and geopolitical complexities remain a critical variable for investors,” said Michael Ashley Schulman, director of investment at Running Point Capital.
And separately, one, Tim Stokely, are the latest to enter the dispute for Tiktok.
US officials have raised safety concerns about the application’s bonds with China, which Tiktok and its controller Bytedance deny.
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Trump said last month that his government was in contact with four different groups about selling the platform without identifying them.
Trump also stated that he would consider an agreement for Tiktok in which China would agree to approve the sale of the short video app.
