KAAN Fighter Jets to Be Exported to Indonesia – Record Defence Deal for Türkiye
A landmark agreement has been signed for the export of 48 KAAN fighter jets – Türkiye’s indigenously developed National Combat Aircraft – to In...
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.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
A landmark agreement has been signed for the export of 48 KAAN fighter jets – Türkiye’s indigenously developed National Combat Aircraft – to Indonesia.
North Korean leader Kim Jong Un has expressed confidence that the country will achieve victory in its anti-imperialist and anti-US struggle. The statement was made on the anniversary of the Korean War armistice, according to the state news agency KCNA on Sunday.
European Commission President Ursula von der Leyen travelled to Scotland on Saturday ahead of a meeting with US President Donald Trump scheduled for Sunday evening. Officials from both sides have indicated that a trade agreement is within reach.
Firefighters across Greece and the Western Balkans are battling widespread wildfires as southern Europe endures its third heatwave of the summer. Several villages and settlements in Greece and Albania were evacuated on Saturday as flames spread rapidly due to high temperatures and strong winds.
Russia’s Ministry of Defence announced on Saturday that its forces had captured two villages in eastern Ukraine, including one located in the Dnipropetrovsk region — a new front where Moscow claims its troops are advancing.
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