The confusion prompted Tiktok to reconsider its merger proposal

On Sunday, Portplexity AI revised its merger proposal to its Tiktok parent. The proposal, which would create a new entity combining Chatxi and Tiktok, would now allow the US government to own 50% of the new company in the future, CNBC has learned.

A proposal document examined by CNBC, shared with compliance and prospective new investors, details the creation of a new US holding company “NEWCO”.

In the document, the company’s acquisition of capital of the new company contributes to the recommendation algorithm at the administrative level in exchange for the existing investors of the company. Confusion AI would offer itself in exchange for its investors receiving a distribution of NEWCO equity.

The money for the merger is “the New Third Party Capital Provider(s)”, “will make a one-time offer” to an offer document that will provide capital for a one-time payment to investors “for mutual agreement” and to help the growth of the new entity.

confusion ai, artificial intelligence Search engine startup that competes with Openai Googlestarted around 2024 $500 million valuation and ended the year with an assessment 9 billion dollarsgenerative Ai Boom, but also after increasing investor interest as it is controversy over accusations of plagiarism. Investors have pointed to AI-assisted search as one of Google’s main risks, as it potentially changes how consumers access information online.

Openai, which started the generative AI craze in 2022 with chatgpt last year, It introduced the search engine It is called SearchGpt. Then Google Launched “AI Reviews”. In search, it allows users to quickly see a summary of answers at the top of the results.

The proposed new structure would allow many of the structure’s existing investors to retain their equity stakes, bringing in more footage, a source familiar with the situation told CNBC earlier this month. Although his allegiance is exposed to the public It won’t sell Tiktok, it’s confusing why it thinks there’s a hit with its offering – since the deal will be more of a merger than a sale.

Under the revised proposal, the U.S. government could own up to half of the IPO’s new structure, which is worth at least $300 billion, according to the source.

A fair price is “well north of north of north,” but the final number attached to the bid will be decided, in part by whether existing shareholders want to remain part of the new venture and want to cash in. Source.

Any transaction between Confusion AI and Byteftia would likely take months for the president to complete Donald Trump In the US, it has been temporarily restored to date and has proposed that an American interested party buy the company and then the US government will buy a 50% stake. In a video posted to Tiktok earlier this month, CEO Shou Zi said, “I want to thank President Trump for his commitment to working with us to find a solution that makes TikTok available in the United States.”

Confusion is one of many companies and individuals joining together to become one that merges or merges with TIKTOK Microsoft, Orace and potentially Elon musk. On Saturday, President Trump said he would likely make a decision about the app’s future in the United States In the next 30 days.