BUZZ-AppLovin rises after report says it is a bidder for TikTok

Reuters
04-03
BUZZ-AppLovin rises after report says it is a bidder for TikTok

** Shares of marketing platform AppLovin APP.O rise 4.5% to $295.52

** CNBC reports that APP is a bidder for TikTok

** OnlyFans founder Tim Stokely, in partnership with a cryptocurrency foundation, have submitted a late-stage plan to acquire TikTok, Reuters reported earlier

** Amazon.com AMZN.O has put in a last-minute bid to buy TikTok, a U.S. administration official told Reuters

** Up to last close, APP had fallen 12.7% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))

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