Perplexity AI has proposed a merger with TikTok U.S. to its parent company, ByteDance, amid fears of a U.S. ban on the platform. This bid aims to create a new entity by merging with TikTok and New Capital Partners, allowing existing investors to retain their stakes. TikTok faces a potential shutdown if it does not sever ties with ByteDance, but President-elect Trump may grant a 90-day reprieve.
