Perplexity AI has presented an updated proposal to merge with TikTok, proposing that the U.S. Government could acquire up to 50% of the combined entity. The revised offer includes a condition for an initial public offering of no less than $300 million, with ByteDance maintaining partial ownership. President Donald Trump has expressed anticipation for an agreement to be reached within the next 30 days. Congress has voted to prohibit TikTok in the U.S. citing security apprehensions linked to its Chinese ownership arrangement.