Market
Where will NewCo's headquarters be located by December 31, 2025?
3
Resolution / Starting Odds
United States • 25%
China • 25%
Europe • 25%
Other • 25%
Official announcements from NewCo, Perplexity AI, or TikTok.
Story
Perplexity AI Proposes Merger with TikTok to Form NewCo, Offering U.S. Government 50% Stake at $300 Million IPO
Jan 26, 2025, 10:02 PM
Perplexity AI has submitted a revised proposal to merge with TikTok, which would allow the U.S. government to own up to 50% of the new entity upon its initial public offering. The proposal involves creating a new U.S. holding company, 'NewCo,' that would combine Perplexity AI and TikTok's U.S. business. ByteDance, TikTok's parent company, would contribute TikTok U.S. to the new entity, excluding its core recommendation algorithm. The revised bid was influenced by feedback from the Trump administration and aims to address national security concerns by allowing the U.S. government a significant stake without voting power or board representation. ByteDance could retain ownership, and the new entity would be valued at least at $300 million upon its IPO.
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No change announced • 25%
Remains in Pittsburgh • 25%
Moves outside the U.S. • 25%
Moves to a different U.S. city • 25%
International tech firms • 25%
Private equity firms • 25%
Other investors • 25%
U.S. based tech firms • 25%
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Pittsburgh • 25%
Cleveland • 25%
Charlotte • 25%
Larry Ellison • 25%
ByteDance • 25%
U.S. Government • 25%
Other • 25%
Move to New York • 25%
Move to another city • 25%
Remain in San Francisco • 25%
Move to Charlotte • 25%
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Approved with modifications • 25%
Approved without changes • 25%
Pending beyond 2025 • 25%
Major tech company • 25%
U.S. based private equity firm • 25%
International sovereign wealth fund • 25%
Other • 25%
Other • 25%
U.S. Investors • 25%
Perplexity AI • 25%
ByteDance • 25%
Remains unsold and vacant • 25%
Repurposed for different use • 25%
Sold to another company • 25%
Demolished • 25%