AppLovin bids to buy TikTok, Trump aware of interest, CNBC’s Faber says

AppLovin (APP) is the latest bidder of TikTok, CNBC’s David Faber said during “The Exchange.” They are in negotiations and the Trump Administration is fully aware of their interest, Faber says, citing sources familiar with the situation. Unlike Amazon (AMZN), Meta (META), Microsoft (MSFT) or Oracle (ORCL), they would not have the ability to host the server; they will likely include a hosting deal that is already in place with Oracle, he adds. Faber further notes that the Chinese likely not allowing TikTok’s algorithm to be part of the deal and the acquirer would have to recreate it over some period of time. TikTok’s valuation in deal is hard to predict, specially without the algorithm, he points out.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue