Amazon rises after US administration official confirms its bid for TikTok
ReutersApr 2, 2025 5:16 PM
Shares of Amazon AMZN.O rise 3% to $198 after the e-commerce giant bids to buy TikTok
A Trump administration official confirmed to Reuters that AMZN has put in a bid to buy TikTok
Amazon's bid came via an offer letter to U.S. Vice President JD Vance and Commerce Secretary Howard Lutnick, the New York Times had reported earlier
President Donald Trump on Wednesday will consider a final proposal related to TikTok ahead of an April 5 deadline for the app to find a non-Chinese buyer or face a ban in the country, a White House official told Reuters on Tuesday
Up to last close, stock had fallen 12.4% YTD
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