He said private equity firms and family offices have reached out to provide financing options. Read more at straitstimes.com.
Will TikTok find a U.S. buyer to remain legal? After Trump vowed to make a deal to save the app, MrBeast has emerged as part of a joint bid.
After the bipartisan TikTok law was signed by former President Joe Biden in April, ByteDance said it did not have plans to sell the platform and fought the statute in court for months. China also rebuked Washington over the divestment push, though more recently it appears to be softening its stance.
The platform is in need of saving in the United States, where approximately 170 million people have TikTok accounts. On Friday, the U.S. Supreme Court upheld a federal law that will ban the platform on Jan. 19 unless TikTok’s China-based owner ByteDance divests its U.S. operations.
Jimmy Donaldson, better known as MrBeast, has teamed up with Employer.com CEO Jesse Tinsley and other investors in an all-cash offer for the social platform.
TikTok’s fate in the United States hangs in the balance, with the video-sharing app facing a federal ban unless its Chinese parent company, ByteDance, divests its stake. As app users wait to see what happens,
MrBeast joins a long list of interested TikTok buyers including billionaire Elon Musk and Oracle founder Larry Ellison. Billionaire Frank McCourt, who runs the internet advocacy group Project Liberty has also publicly expressed his interest in the opportunity,
With the future of popular social media app TikTok on the line, a number of potential buyers have come out of the woodworks to potentially snap up the platform — and its 170 million monthly U.S. users.
MrBeast himself hasn’t publicly commented on which side he’ll choose yet. “The leading groups who are all credible [sic] bidding on Tik Tok have reached out for us to help them, I’m excited to partner/make this a reality,” he posted on Wednesday.
Welcome to The Hill’s Technology newsletter {beacon} Technology Technology The Big Story TikTok buyers line up with Trump, China open to deal Potential TikTok buyers are lining up
TikTok got removed from the App Store, so people can’t download it anymore. If you already have it on your iPhone, you’re lucky! People are selling these phones for lots of money on eBay.