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BUZZ-Amazon rises after report company makes bid for TikTok in US

Reuters
Apr 03, 2025
BUZZ-Amazon rises after report company makes bid for TikTok in US

** Shares of Amazon AMZN.O rise 1.5% to $195.1 after New York Times report says the e-commerce giant has bid to buy TikTok

** Amazon has put in a last-minute offer to buy the short-form video app in the U.S., NYT reports, citing sources familiar with the matter

** Amazon's came via an offer letter to U.S. Vice President JD Vance and commerce secretary Howard Lutnick, the report adds

** President Donald Trump on Wednesday will consider a final proposal related to TikTok ahead of an April 5 deadline for the app to find a non-Chinese buyer or face a ban in the country, a White House official told Reuters on Tuesday

** Up to last close, stock had fallen 12.4% YTD

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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