STORY: As a weekend deadline to find a buyer for TikTok approaches, bids for the short video site are piling up.
Among the latest to throw their hats in the ring are Amazon…
And a group lead by Tim Stokely, founder of adult content site OnlyFans. .
Two Reuters sources say he’s partnered with a cryptocurrency foundation to submit a late offer.
U.S. President has set an April 5 deadline to for TikTok to find a non-Chinese buyer.
Otherwise it could face a ban in the country over concerns it’s a risk to national security due to its ties to China.
TikTok and Chinese parent firm ByteDance have repeatedly rejected all such allegations.
Amazon shares rose around 2% following news of its last-minute bid.
The e-commerce giant has long harboured ambitions to own an in-house social media network.
That could help it sell more goods and target a younger audience.
Trump has said his administration is in touch with four groups about a deal.
He didn’t name them, but media reports have cited Oracle, Blackstone and venture capital outfit Andreessen Horowitz as among interested parties.