Perplexity AI Makes A Bid To Merge With TikTok U.S.

The new structure would allow for most of ByteDance’s existing investors to retain their equity stakes and would bring more video to Perplexity, according to a source familiar with the situation.

Perplexity AI officially made a play for TikTok on Saturday, submitting a bid to its parent company, ByteDance, to create a new merged entity combining Perplexity, TikTok U.S. and New Capital Partners, CNBC has learned.

The new structure would allow for most of ByteDance’s existing investors to retain their equity stakes and would bring more video to Per…