Search engine startup Perplexity AI submitted a bid on Saturday to TikTok's Chinese parent ByteDance for Perplexity to reportedly merge with TikTok.

(Reuters) - Perplexity AI asked TikTok's Chinese parent company, ByteDance, on Saturday to allow the U.S. search engine startup to merge with TikTok U.S. and create a new entity combining them and New Capital Partners, CNBC reported.

Perplexity AI submitted a bid to TikTok parent ByteDance Ltd., to merge with its US operations and create a new entity, CNBC reported on Saturday.

Just one day before TikTok is expected to shut down in the US, startup Perplexity AI has submitted a bid to TikTok’s parent company ByteDance proposing a merger that would allow it to continue operating,

Just hours before TikTok is expected to go dark, the venture capital-backed AI startup Perplexity has put in a bid to merge with the platform, CNBC reported and Business Insider confirmed with a source familiar with the matter.

Perplexity AI has submitted a bid to merge with TikTok's US operations, CNBC has learned, in a move that would create a new entity combining the AI company with TikTok US and New Capital Partners. The proposal comes as TikTok faces mounting pressure in the United States,