01:39:54 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Amazon.com CDR (CAD Hedged)
Symbol AMZN
Shares Issued 29,550,000
Close 2025-04-02 C$ 23.19
Market Cap C$ 685,264,500
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Globe/AP say Amazon keen to snap up TikTok

2025-04-03 08:58 ET - In the News

The Globe and Mail reports in its Thursday edition that Amazon has put in a bid to purchase TikTok in an 11th-hour pitch as a U.S. ban on the platform is set to go into effect Saturday. An Associated Press dispatch to The Globe says that the Amazon offer was made in a letter to Vice-President J.D. Vance and Commerce Secretary Howard Lutnick. President Donald Trump on Inauguration Day gave the platform a reprieve, barrelling past a law that had been upheld unanimously by the Supreme Court, which said the ban was necessary for national security. Under the law, TikTok's Chinese-owned parent company ByteDance is required to sell the platform to an approved buyer or take it off-line in the United States. Mr. Trump has suggested he could further extend the pause on the ban, but he has also said he expects a deal to be forged by Saturday. The existence of an Amazon bid surfaced as Mr. Trump was scheduled on Wednesday to meet with senior officials to discuss the coming deadline for a TikTok sale. Although it is unclear if ByteDance plans to sell TikTok, several possible bidders have come forward in the past few months. Among the possible investors are the software company Oracle and the investment firm Blackstone.

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