Perplexity AI revises Tiktok merger proposal that could give US government 50% stake, CNBC reports

(Reuters) – Perplexity AI revised the merger proposal it had submitted to TikTok parent ByteDance, CNBC reported on Sunday.

The proposal, to create a new entity combining Perplexity and TikTok U.S., would now also allow for the U.S. government to own up to 50% of the new company upon a future initial public offering, CNBC said.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Richard Chang)