Donald Trump’s reported plans to save TikTok involve a potential merger with Perplexity AI, a San Francisco-based AI search company valued at $9 billion. Perplexity AI submitted a revised merger proposal to ByteDance, TikTok’s parent company, which includes feedback from the Trump administration. If approved, the merger would create a new entity, with the US government potentially owning up to 50% once TikTok reaches an initial public offering of at least $300 billion. Perplexity AI suggested a “fair price” for TikTok would be over $50 billion, though the final price depends on how many existing investors decide to cash out. ByteDance would retain control over TikTok’s recommendation algorithm and most investors could keep their equity stakes. However, ByteDance might resist the requirement for “full US board control” to ensure the app remains free from state control, despite the government’s stake not granting voting power or a board seat.
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