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Amazon makes last-minute bid for TikTok: report
Techxplore· 2025-04-02 18:56
Group 1 - Amazon has made a last-minute bid to acquire TikTok, which is facing a potential ban in the US if not sold by its Chinese owner, ByteDance [1][2] - The bid was communicated in a letter to officials involved in the sale discussions, aimed at addressing US national security concerns [1] - President Trump has expressed confidence in finding a buyer for TikTok's US operations by the upcoming deadline, despite downplaying the risks of a ban [2][5] Group 2 - The most likely resolution involves existing US investors in ByteDance rolling over their stakes into a new independent global TikTok company, with additional US investors like Oracle and Blackstone joining to reduce Chinese ownership [3] - TikTok has over 170 million users in the US and is under threat from a law requiring it to separate from ByteDance or face a ban [4] - The deadline for TikTok to be sold is set for April 5, 2025, with potential extensions from President Trump if a deal is not finalized [5][6] Group 3 - Trump's administration may offer to reduce tariffs on China to facilitate Beijing's approval for the sale of TikTok [6] - Trump has shifted from supporting a ban to defending TikTok, recognizing its popularity among younger voters [7] - Other bidders for TikTok include Frank McCourt's Project Liberty initiative, AI startup Perplexity, and internet personality MrBeast [7]
Amazon to launch first batch of Kuiper satellites on April 9
CNBC· 2025-04-02 18:28
Core Points - Amazon is set to launch its first two demonstration satellites for Project Kuiper on April 9, 2024, from Cape Canaveral, Florida [2] - Project Kuiper aims to provide broadband internet through a constellation of over 3,000 satellites, with an initial investment of $10 billion, although costs could reach $20 billion [3] - The launch is crucial for Amazon to begin commercial service and meet the FCC deadline of having 1,618 satellites operational by July 2026 [8] Group 1 - The first test of the Kuiper service was completed in October 2023 with two prototype satellites [4] - Amazon has purchased over 80 launches from various rocket providers, including ULA and SpaceX [8] - The company is competing with other low Earth orbit satellite internet providers like Starlink, OneWeb, and SpaceSail [6] Group 2 - Amazon is targeting consumers with inadequate broadband access, as well as governments and companies [7] - Users will connect to the service by purchasing terminals that communicate with Kuiper satellites [7] - Extensive ground testing has been conducted to prepare for the upcoming mission, which will be the first flight of the final satellite design [5]
Why Amazon Stock Is Soaring Today
The Motley Fool· 2025-04-02 17:59
Core Viewpoint - Amazon has made a last-minute bid to acquire TikTok, which has positively impacted its stock price amid a broader market increase [1][2]. Group 1: Amazon's Stock Performance - Amazon's shares rose by 2.6% as of 1:30 p.m. ET, reaching a peak increase of 3.2% earlier in the day [1]. - The rise in Amazon's stock coincided with gains in the S&P 500 and Nasdaq Composite, which were up 0.9% and 1.3%, respectively [1]. Group 2: TikTok Acquisition Bid - Amazon's offer to buy TikTok was submitted just days before a deadline for the app to find a non-Chinese buyer or face a ban in the U.S. [2][3]. - The bid was directed to Vice President JD Vance and Commerce Secretary Howard Lutnick, indicating a strategic move to secure the app before the April 5 deadline [2]. Group 3: Implications of the Acquisition - If successful, the acquisition of TikTok could significantly benefit Amazon's financial performance, although the specifics of the deal remain unclear [4]. - Amazon's current stock is trading at a relatively low price-to-earnings ratio, suggesting it is a solid investment choice regardless of the TikTok acquisition outcome [4].
Amazon makes bid to buy TikTok as deadline looms
Fox Business· 2025-04-02 17:46
TRUMP TO CONSIDER FINAL PROPOSAL FOR TIKTOK AS DEADLINE LOOMS FOX Business reached out to Amazon and the company declined to comment on the report that it is interested in buying TikTok. Other potential suitors for TikTok have included a group called Project Liberty, led by billionaire Frank McCourt and Kevin O'Leary. TikTok has resisted the push to sell, in part because of opposition from the Chinese government, which has the authority to block the sale of China-based firms. Amazon has made a bid to acquir ...
Amazon makes shock last-minute bid to buy TikTok: report
New York Post· 2025-04-02 16:46
Core Insights - Amazon has made a surprise bid to acquire TikTok from its Chinese parent company, ByteDance, ahead of a deadline set by the U.S. government [1][3] - Key parties involved in the negotiations reportedly do not take Amazon's bid seriously, and the dollar value of the proposal has not been disclosed [2] - The bid coincides with ongoing discussions in the U.S. government regarding TikTok's ownership and national security concerns [4][6] Amazon's Bid - Amazon submitted an offer letter addressed to Vice President JD Vance and Commerce Secretary Howard Lutnick [1] - The company has not publicly commented on the bid, and representatives from the White House and TikTok have not responded to inquiries [3] National Security Context - TikTok is viewed as a national security threat by Congress and federal authorities until Chinese involvement is eliminated [6] - The app has over 170 million users in the U.S., highlighting its significant market presence [6] Other Stakeholders - Existing U.S. investors in ByteDance, including Susquehanna, KKR, General Atlantic, and Coatue, are seeking to acquire larger stakes in TikTok [6] - New investors like Andreessen Horowitz and Blackstone Group have been approached to assist in the deal [9] Financial Aspects - A sale of TikTok is expected to fetch at least $40 billion [9] - The U.S. government requires total divestment of Chinese control over TikTok, and it remains uncertain if Amazon's bid will meet this requirement [10] Regulatory Considerations - President Trump has until Saturday to finalize a deal, with the possibility of extending the deadline if necessary [5] - Approval from the Chinese government is also required, which has shown a willingness to negotiate after initially opposing a forced sale [10]
Amazon reportedly submits last-minute bid to acquire TikTok
TechCrunch· 2025-04-02 16:43
Group 1 - Amazon has submitted a bid to acquire all of TikTok, coinciding with a deadline for TikTok to divest its Chinese ownership by April 5 to avoid a ban in the U.S. [1] - The seriousness of Amazon's bid is questioned, as the involved parties do not appear to take it seriously according to reports [1] - President Trump is set to meet with officials to discuss TikTok's future, indicating that a deal with ByteDance is expected to be finalized before the April 5 deadline [2] Group 2 - Andreessen Horowitz is reportedly in talks to invest in TikTok as part of an Oracle-led bid that includes other American investors [2] - Blackstone is considering joining ByteDance's current non-Chinese shareholders to provide fresh capital for a bid for TikTok's U.S. operations [3]
Top 3 Stocks Mega Investors Are Buying Now
MarketBeat· 2025-04-02 12:02
It’s no secret that the naysayers have picked the technology sector as their latest target for criticism, this time going as far as to say there is a bubble in the entire artificial intelligence and cloud space. If everyone can see a bubble, it’s not a bubble; that’s what Wall Streeters can add to the table for these accusations. But, for those who don’t trust Wall Street’s opinion, here are other angles to consider. Three of America’s largest investors have bought into a certain group of stocks inside the ...
4 No-Brainer "Magnificent Seven" Stocks to Buy Right Now
The Motley Fool· 2025-04-02 08:25
The so-called "Magnificent Seven" stocks have helped power the market higher for the past few years. However, just like other stocks, these names have pulled back in recent weeks over macroeconomic concerns affecting earnings, some angst about the potential for diminishing returns related to artificial intelligence (AI), and uncertainty over tariff actions by the Trump administration. But pullbacks tend to be short-term setbacks for great companies that eventually find ways to recover. Let's look at the bes ...
Amazon Falls Back to a Key Support Line: Here's How to Play It
MarketBeat· 2025-04-01 16:41
In the short term, this move reflects a broader cooling of market sentiment. Uncertainty around Donald Trump's proposed tariff plans has weighed heavily on investor confidence, triggering a shift away from equities and high-growth names in particular. Even last week's rally, which briefly suggested that the low might be in, has begun unwinding. However, as the dust settles, technical traders and long-term investors are watching closely to see if $190 holds firm for Amazon. Get Amazon.com alerts: Amazon.com ...
Amazon: What Seems Expensive Today Can Look Cheap Tomorrow
Seeking Alpha· 2025-04-01 13:15
Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...