AppLovin confirms indication of interest to acquire TikTok (ex-China) from President

AppLovin Corp

AppLovin provided an indication of interest to the U.S. President to explore purchasing TikTok in all markets outside China.
The indication is preliminary and there is no assurance that a transaction will proceed.
AppLovin stock (APP) may see volatility as the market reacts to this speculative but high-profile potential M&A.

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