Amazon(AMZN) The Motley Fool·2025-04-02 17:59Core Viewpoint - Amazon has made a last-minute bid to acquire TikTok, which has positively impacted its stock price amid a broader market increase [1][2]. Group 1: Amazon's Stock Performance - Amazon's shares rose by 2.6% as of 1:30 p.m. ET, reaching a peak increase of 3.2% earlier in the day [1]. - The rise in Amazon's stock coincided with gains in the S&P 500 and Nasdaq Composite, which were up 0.9% and 1.3%, respectively [1]. Group 2: TikTok Acquisition Bid - Amazon's offer to buy TikTok was submitted just days before a deadline for the app to find a non-Chinese buyer or face a ban in the U.S. [2][3]. - The bid was directed to Vice President JD Vance and Commerce Secretary Howard Lutnick, indicating a strategic move to secure the app before the April 5 deadline [2]. Group 3: Implications of the Acquisition - If successful, the acquisition of TikTok could significantly benefit Amazon's financial performance, although the specifics of the deal remain unclear [4]. - Amazon's current stock is trading at a relatively low price-to-earnings ratio, suggesting it is a solid investment choice regardless of the TikTok acquisition outcome [4].