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Mobile technology company AppLovin confirmed it has a deal in place to potentially acquire TikTok but refuted reports that casino mogul Steve Wynn was involved in the bid, co-founder and CEO Adam Foroughi told ADWEEK in an emailed statement.
The clarification follows a report from the Wall Street Journal linking Wynn to the bid.
On April 4, President Trump granted TikTok another 75-day reprieve, announcing an extension of the deadline for the video app to separate from its Chinese parent company, ByteDance.
“We have a deal that can provide a win for the Trump Administration and for the creators of TikTok,” said Foroughi.
