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Applovin can offer TikTok 'much stronger bid than others,' CEO says

1. AppLovin proposes a stronger bid to acquire TikTok. 2. Partnership leverages AppLovin's AI advertising model for TikTok's growth. 3. Deadline extended for TikTok's sale to an American buyer. 4. AppLovin faces competition from major U.S. companies interested in TikTok. 5. Chinese government approval is required for the deal to proceed.

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FAQ

Why Bullish?

A successful merger could significantly enhance AppLovin's market position, similar to past tech acquisitions that bolstered growth prospects, e.g., Facebook's acquisition of Instagram.

How important is it?

The proposed acquisition directly influences AppLovin's strategic positioning and financial outlook in the adtech market.

Why Long Term?

If the acquisition materializes, long-term growth through expanded revenue streams and market access is likely, akin to Microsoft's acquisition of LinkedIn.

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