A new bidder has emerged to buy the U.S. business of TikTok with a proposal that would see the government own a stake in the popular Chinese-owned video app, a person familiar with the discussions told The Associated Press.

Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, accordin

Congress voted to ban TikTok out of concern that TikTok's ownership structure represents a security risk, a ban upheld by the Supreme Court but