As the weekend deadline for TikTok to find a buyer approaches, bidders for the short-video social media site are piling up.
Reuters
Amazon and, separately, a consortium led by OnlyFans founder Tim Stokely are the latest to throw their hats into the ring for TikTok. The site faces an April 5 deadline to reach a deal to find a non-Chinese buyer under threat of being banned from the United States.
U.S. officials have raised security concerns over the app’s ties to China, which TikTok and owner ByteDance have denied. Trump administration officials are meeting on Wednesday to discuss the various options for TikTok.
Amazon has long harbored ambitions for an in-house social media network that could help it sell more goods and appeal to a younger audience. It bought live video site Twitch in 2014 for nearly $1 billion and book review site Goodreads in 2013 as part of its efforts to build a viable social network.
Amazon also developed and tested a TikTok-like short-form video and photo feed called Inspire that it shuttered earlier this year.
Trump said last month his administration was in touch with four different groups about the sale of the platform, without identifying them.
Private equity firm Blackstone is discussing joining ByteDance’s non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in contributing fresh capital to bid for TikTok’s U.S. business, Reuters reported last week.
U.S. venture capital firm Andreessen Horowitz is also in talks to add outside funding to buy out TikTok’s Chinese investors, as part of a bid led by Oracle and other American investors to carve it out of ByteDance, the Financial Times reported on Tuesday.
White House-led talks entail plans to spin off a U.S. entity for TikTok and dilute Chinese ownership in the new business to below a 20% threshold required by U.S. law, Reuters reported last month. The New York Times first reported Amazon’s involvement on Wednesday. Various parties who have been involved in the talks do not appear to be taking Amazon’s bid seriously, the Times reported.
The future of the app used by nearly half of all Americans has been up in the air since a 2024 law, passed with overwhelming bipartisan support, required ByteDance to divest TikTok by January 19.
Washington officials have said TikTok’s ownership by ByteDance makes it beholden to the Chinese government, and Beijing could use the app to conduct influence operations against the United States and collect data on Americans.
Swedish fintech Klarna has paused its plans for a U.S. initial public offering as President Donald Trump‘s sweeping tariffs rattle global markets, according to sources familiar with the situation.
Reuters
The decision would complicate an uneven recovery for the U.S. IPO market, as the company’s listing was seen as a potential catalyst for encouraging others to follow.
Klarna could reassess its plans if market conditions stabilize, the people said.
While hopes of a recovery were high in 2025, some of the new entrants to the IPO market have seen muted receptions.
LNG exporter Venture Global’s shares have dropped since its January debut. AI infrastructure firm CoreWeave’s shares dipped on their first day of trading, but have climbed since then.
Fears of a trade war have crushed stocks after Trump unveiled the sweeping tariffs plan this week that could weigh on the global economy.
“This kind of market instability naturally makes any company, regardless of sector, hit the brakes on near-term IPO plans,” said Lukas Muehlbauer, research analyst at IPOX.
Klarna was aiming to raise more than $1 billion at a valuation exceeding $15 billion, according to media reports.
It had 93 million active customers on its platform and operations in 26 countries as of 2024 end, according to its IPO filing.
The company had soared to a valuation of $45.6 billion in 2021, but that has tempered since as the pandemic-driven surge in online spending moderated.
Klarna did not immediately respond to a Reuters request for comment. The Wall Street Journal, which first reported the plans, said the company had decided to postpone marketing its shares, originally scheduled for this week.
Meanwhile, U.S. stocks fell sharply for a second straight session on Friday, pushing the Nasdaq toward a bear market.
Shares in companies that have large manufacturing operations in Vietnam, including Nike Inc. and Lululemon Athletica Inc., soared Friday
Nike
Nike shares erased an earlier loss to gain as much as 5.9%, while On Holding AG and Skechers USA Inc. also rose more than 6% each. Lululemon Athletica shares meanwhile jumped 3.9%. Wayfair Inc. was briefly halted for volatility after erasing a 19% decline to jump as much as 6.4%.
Trump said on social media that he spoke to To Lam and Vietnam wants to “cut their tariffs down to zero.” The president unveiled a levy of 46% on goods imported from Vietnam, effective April 9. Apparel and shoemakers had shifted manufacturing to the southeast Asia country in recent years after Trump hit China will levies during his first term.
About half of all Nike brand shoes and 39% of Adidas shoes are made in Vietnam, according to regulatory filings, with the country being the largest supplier of footwear for both companies. Nike has already said it expects its gross margin to decline sharply this quarter, in part due to US tariffs on products from China and Mexico.
Nike shares are still down more than 20% on the year, while Lululemon is off more than 30%.
Zara owner Inditex believes it will have opportunities to grow in the United States where it plans to open more stores, despite trade tariffs announced by President Donald Trump, Chief Executive Officer Oscar Garcia Maceiras said on Friday.
Zara
Garcia Maceiras said the company has not seen any drastic consumption changes in any of its key markets lately.
The United States is Inditex’s second-biggest market.