
Amazon Submits Bid for TikTok With US Sale Deadline Approaching
By , Kate Sullivan, and Spencer Soper
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Amazon.com Inc. submitted a bid to the White House to purchase the social video app TikTok from its Chinese owners, according to a person familiar with the matter.
The company sent its proposal in a letter to Vice President JD Vance, who's heading efforts to help facilitate a sale of the US operations of the video service ahead of a deadline later this week, and Commerce Secretary Howard Lutnick, the people said.

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Politico
36 minutes ago
- Politico
‘We can't wait forever': GOP frustrated but unwilling to act on Trump's TikTok extension
President Donald Trump's latest move to keep TikTok alive is yet again frustrating congressional Republicans, many of whom object to China's continued involvement in the popular app but just want to be done with the whole drama. 'Not my favorite thing,' Sen. Josh Hawley (R-Mo.), along-time proponent of the ban, deadpanned, when asked about the president's plan to issue another extension. He spoke a day before the White House confirmed Trump signed a 90-day suspension of enforcement of the law requiring TikTok to divest from ByteDance, its China-based parent company, throwing another lifeline to the short-form video app. By Friday, some House lawmakers registered a note of resigned irritation. The extension — Trump's third since the law went into effect on Jan. 19 — is a unilateral decision not envisioned in the bipartisan law passed by Congress and upheld last year by the Supreme Court. Rep. Darin LaHood (R-Ill.), a member of the House Intelligence and China committees, told POLITICO. 'The national security concerns and vulnerabilities are still there, and they have not gone away. I would argue they've almost become more enhanced in many ways.' But Trump's extension of the TikTok law largely boxed out Republicans in both chambers who have shown little inclination — beyond stern words — to prevent him from making these postponements almost routine. Many GOP lawmakers saw themselves as granting the president space to cut a promised deal while the White House deals with urgent priorities, like trade negotiations and the Israel-Iran conflict. 'In light of everything going on, I think he did the right thing,' Sen. John Kennedy (R-La.), a China hawk who voted for the ban, told POLITICO of Trump. 'I have concerns about all kinds of things — that [the extension] is on the list — but it's not at the top of the list.' Though Trump has promised his TikTok negotiations areclosely tied to trade talks with China, Treasury Secretary Scott Bessent testified last week to a Senate panel that TikTok's sale was not currently a part of the negotiations with China, raising a further potential obstacle to Trump inking a deal in the near future. Sen. Lindsey Graham (R-S.C.), a close ally of the president and longtime national-security hawk said earlier in the week: 'The sooner we get that issue solved, the better,' without offering any ideas for further enforcement. 'I just want finality,' Senate Judiciary Chair Chuck Grassley (R-Iowa) told POLITICO. 'I want some certainty and just know that the Congress isn't being played when we make a decision [that the app] be sold.' Another member of the House China Committee, Rep. Zach Nunn (R-Iowa), told POLITICO, 'No more extensions. It's time to follow through.' Rep. Dan Newhouse (R-Wash.), also a member of the China panel, noted in a post on X Thursday the law only allows one extension of the compliance deadline, adding, 'I was proud to support the ban of TikTok and believe the law should be implemented as written.' With their comments, the lawmakers echoed House China Chair John Moolenaar (R-Mich.), who in early June called for the U.S. to 'let [TikTok] go dark' to bring China to the table to negotiate. He reiterated that stance on Friday. 'Delays only embolden the Chinese Communist Party,' Moolenaar said in a statement to POLITICO. 'I urge the administration to enforce the law as written and protect the American people from this growing national security threat.' Still, observers say Republicans are not exercising their leverage to demand the White House enforce the law they helped write, for example by withholding funding or congressional oversight hearings. 'I keep reading that Republicans are 'frustrated' and 'impatient' about their TikTok law being ignored, but they should stop complaining to reporters and take it up with Trump,' said Adam Kovacevich, founder and CEO of the pro-tech Chamber of Progress. Among the Republicans being undercut by the president is his own secretary of state. Marco Rubio — who as senator was one of the loudest critics of TikTok's ties to China, and a huge backer of the app's ban — has been conspicuously silent as Trump has repeatedly granted more time to strike a deal for its sale. 'You have to decide what's more important, our national security and the threat that it poses to our national security,' Rubio told POLITICO in March 2023, as Congress was considering a ban. 'You have to weigh that against what you might think the electoral consequences of it are. For me, it's an easy balancing act. I mean, there is no balance. I'm always going to be for our national security.' A spokesperson for Rubio at the State Department did not respond to a request for comment. Democrats — even those who support keeping TikTok online — say Trump's approach is the wrong one. 'These endless extensions are not only illegal, but they also put TikTok's fate in the hands of risk-averse corporate shareholders,' Sen. Ed Markey (D-Mass.) told POLITICO in a statement. 'This is deeply unfair to TikTok's creators and users. I'm prepared to work towards a solution, but Trump isn't coming to the table.'


New York Times
37 minutes ago
- New York Times
TikTok's Owner Wanted to Publish Books. Not Anymore.
When 8th Note Press launched in the summer of 2023, the small publisher had a big advantage over other new presses. It was started by the Chinese technology company ByteDance, the owner of TikTok, the wildly popular social media platform where viral endorsements can transform books into best sellers overnight. That was not enough, it seems, to build a successful publishing business. In late May, 8th Note Press began informing writers that it was shutting down and returning publication rights to the authors. News of the press's demise, which was reported earlier by the The Bookseller, came as a shock to authors who were swayed by the possibility that 8th Note could help engineer best sellers with elaborate marketing campaigns on TikTok. Instead, 8th Note has started taking down digital editions of their books, effectively unpublishing them. The literary agent Mark Gottlieb, who sold the debut novel 'To Have and Have More' to 8th Note, said the company was doing 'irreparable damage' to its authors by shutting down so haphazardly. While publishing imprints frequently come and go, the books and authors they publish are usually moved elsewhere within the parent company, rather than being taken out of circulation entirely. If a book is published then quickly disappears, it can be difficult to resell it to another publisher, Gottlieb said. 'They're wrecking careers in the process of doing this,' he said of 8th Note. 'If you're an author and this is your first book, what the history is going to show is that your book published and quickly went out of print.' 8th Note's precipitous fall was surprising, given its parent company's vast resources and reach. Just last year, the press seemed poised to expand. Last October, its executives announced a partnership with the publisher Zando to put out print editions of its books and distribute them to physical bookstores. The plan was to release 10 to 15 titles a year, with a focus on romance, romantasy and young adult fiction. Later, the imprint indicated to agents that it was expanding into science fiction and fantasy. Want all of The Times? Subscribe.


New York Post
42 minutes ago
- New York Post
SoftBank pitches chip giant TSMC on building $1 trillion AI hub in US: report
SoftBank CEO Masayoshi Son is pitching Taiwan Semiconductor Manufacturing Company on a massive $1 trillion complex in the US to build robots and artificial intelligence, according to a report. The giant robotics center would be based in Arizona, a version of the production hub seen in the Chinese city of Shenzhen that could help bring manufacturing back to the US, sources told Bloomberg. It comes as President Trump has been calling for an all-hands approach to bringing manufacturing opportunities to the US, especially by tech companies and automakers. 3 SoftBank's CEO Masayoshi Son speaking during a White House event as President Trump looks on. KEN CEDENO/POOL/EPA-EFE/Shutterstock Son is seeking out TSMC invest $165 billion in the US and has opened its first Arizona factory – as a partner, according to the report. It's unclear what role Son sees for the Taiwanese chip giant, which makes Nvidia's most advanced chips, and if the company would even be interested in the project. TSMC declined to comment. Codenamed 'Project Crystal Land,' the complex is a clear attempt not only to advance artificial intelligence but to ensure a lasting legacy for Son, who has often talked down his past accomplishments and abandoned projects midway, sources told Bloomberg. The ambitious, one-of-a-kind facility would require support from the Trump administration. SoftBank officials have spoken with federal and state officials, including Commerce Secretary Howard Lutnick, to discuss possible tax breaks for firms building factories or investing in the complex, sources told Bloomberg. Son is also speaking with major tech companies as possible investors, like South Korea's Samsung. SoftBank, Samsung and the White House did not immediately respond to The Post's requests for comment. 3 Masayoshi Son is reportedly seeking out TSMC as a partner in the Arizona project. REUTERS Son's company has invested heavily in ChatGPT maker OpenAI, recently leading a $40 billion funding round for the Sam Altman-led firm as the two seek to raise hundreds of billions of dollars to fund large data centers in the US. These data centers are crucial to the artificial intelligence industry, which requires vast amounts of power and large storage capabilities. SoftBank's campaigning process for the Arizona complex could signal that its money-raising efforts alongside OpenAI are proceeding at a slower pace than they had anticipated, according to the report. Son has created a list of companies that might take part in the Arizona manufacturing hub, like automation company Agile Robots SE, sources said. 3 President Trump has said he wants to bring manufacturing opportunities back to the US. AP Meanwhile, SoftBank is exploring project financing options for Stargate, its $500 billion initiative to build data centers in the US with OpenAI and Oracle. This financing method could allow SoftBank to raise funding on a project-by-project basis, which is easier than gathering a large sum of money upfront. The same process could potentially be used for Project Crystal Land, according to the Bloomberg report. These plans are still preliminary and could change, sources told the news outlet.