TikTok Investors Propose $25 Billion Buyout While ByteDance Maintains Radio Silence
A group of American investors, including Employer.com Founder Jesse Tinsley, Roblox CEO David Baszucki, and Anchorage Digital's Nathan McCauley, have made a $25 billion bid for TikTok's U.S. operations. However, ByteDance has not responded to their offer.
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The investor group has secured over $20 billion in funding and proposes an all-U.S. backed team to manage TikTok's data, servers, and technology. While YouTuber MrBeast has been mentioned in connection with the purchase, his spokesperson confirms he's in talks with multiple parties about acquiring the app.
ByteDance appears reluctant to engage with any offers, hoping instead for a solution from President Trump, who has expressed interest in seeing a "bidding war" for TikTok's U.S. operations. Trump has suggested a 50% U.S. ownership position in a joint venture, naming Microsoft and Oracle as potential buyers.
Republican Senators Tom Cotton and Pete Ricketts maintain that ByteDance must completely divest TikTok from Communist China for the app to resume operations in the U.S. Currently, TikTok remains unavailable for download on U.S. app stores, with Apple and Google facing potential fines of $5,000 per violation if they offer the app. Existing users can continue using the app, but no new downloads have been permitted since January 19.
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