Perplexity AI has submitted a bid to merge with TikTok US as a ban looms in the United States. The proposed merger aims to create a new entity that combines Perplexity, TikTok, and new equity partners, allowing investors in ByteDance to retain their equity. This move comes as a law requiring ByteDance to sell TikTok or face a ban takes effect. Meanwhile, President-elect Donald Trump hinted at a possible extension for TikTok. Despite several buyers showing interest, ByteDance has consistently stated it does not intend to sell.