Wildfires continue in more than 50 locations across Spain
Spain is battling some of the largest wildfires in its history, with uncontrolled blazes raging in more than 50 locations from the north to the south ...
Search engine startup Perplexity AI has updated its merger proposal to TikTok's parent company, ByteDance, aiming to combine Perplexity with TikTok’s U.S. operations, a source familiar with the matter told Reuters on Sunday.
The revised proposal outlines the creation of a new U.S. holding company, "NewCo," which would manage the merged entities. Under the plan, ByteDance would sell TikTok U.S. to investors, granting TikTok’s existing stakeholders equity in NewCo.
The U.S. government would hold up to a 50% stake in the new company after a future initial public offering (IPO) with a minimum valuation of $300 billion, the source said. ByteDance would retain TikTok's core recommendation algorithm.
Perplexity AI also offered to be acquired by the new entity, provided its investors receive equity distributions in NewCo. CNBC first reported details of the merger proposal.
TikTok services in the U.S. were restored last week after President Donald Trump, following his return to power, lifted the ban on the app, which was previously blocked under national security concerns. ByteDance and the White House have yet to respond to Reuters' requests for comment.
President Trump stated on Saturday that he is engaging with multiple parties over the future of TikTok and expects a decision within 30 days. Earlier this month, Reuters reported that Perplexity AI had submitted an initial bid to ByteDance proposing a merger rather than a direct sale, which the company believes could increase the likelihood of the deal’s success.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
A deadly heatwave has claimed 1,180 lives in Spain since May, with elderly people most at risk, prompting calls for urgent social support.
Spain is battling some of the largest wildfires in its history, with uncontrolled blazes raging in more than 50 locations from the north to the south of the country, forcing over 4,000 people to spend the night outdoors.
Ukrainian President Volodymyr Zelenskyy will meet U.S. President Donald Trump in Washington on Monday, days after Trump’s summit with Russian President Vladimir Putin in Alaska ended without a ceasefire deal.
The United States has deployed more than 4,000 Marines and sailors to waters near Latin America and the Caribbean in a major move against drug cartels, CNN reported on Friday, citing defence officials.
West Virginia Governor Patrick Morrisey is deploying 300 to 400 National Guard troops to Washington at the request of the Trump administration, his office confirmed Saturday.
A China-supported landmine elimination project has cleared more than 160 square kilometres of contaminated land in Cambodia since 2018, directly benefiting over 2.6 million people, officials said Saturday.
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