Jeff Bezos-backed Perplexity AI has reportedly submitted a $50 billion bid to merge with TikTok U.S., aiming to create a new entity with ByteDance's investors retaining stakes while boosting Perplexity's video capabilities.

Perplexity AI submitted a bid to TikTok parent ByteDance Ltd., to merge with its US operations and create a new entity, according to a person with knowledge of the matter. Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesScaramucci,

Perplexity AI submitted a bid on Saturday to TikTok parent ByteDance, proposing that Perplexity merge with TikTok U.S., CNBC has learned.