MrBeast TikTok acquisition: YouTuber MrBeast joins bid to acquire TikTok US amid 75-day deadline

Share This Post

[ad_1]

YouTube and TikTok star MrBeast has joined a group of American investors seeking to buy TikTok’s US business, as the 75-day deadline ticks down for the social media platform to secure a non-Chinese owner or face a permanent ban.On January 13, the internet’s most-followed and highest-earning content creator, whose real name is Jimmy Donaldson, posted on Elon Musk-led X (formerly Twitter) that he is willing to buy TikTok. “Okay fine, I’ll buy TikTok so it doesn’t get banned,” he posted.

The investor group, led by tech entrepreneur Jesse Tinsley, aims to secure the deal amidst growing concerns about a potential ban on the platform. Tinsley, founder of Employer.com, has reportedly submitted an all-cash offer, supported by MrBeast and a consortium of institutional investors and high-net-worth individuals.

Legal counsel for the group includes Brad Bondi, whose sister Pam Bondi is currently overseeing a Justice Department initiative under president Donald Trump.

“As president Trump re-establishes America’s dominance, our group stands ready to partner with the US government to acquire TikTok and help secure and stabilize the platform for hundreds of millions of Americans to safely enjoy,” Tinsley said in a statement.

Discover the stories of your interest

TikTok experienced a temporary outage over the weekend. On president Donald Trump’s first day in office, he signed an executive order on January 20, extending the deadline for the platform’s sale by 75 days.

The legal authority behind Trump’s extension remains unclear, but its impact might be limited. ByteDance, TikTok’s Chinese parent company, has publicly refused to sell the platform. However, prospective buyers hope that the Supreme Court’s recent ruling and the platform’s brief shutdown could pressure ByteDance to revisit its stance.

The potential sale of TikTok US has attracted numerous bidders. Billionaire Frank McCourt, former Los Angeles Dodgers owner, and “Shark Tank” investor Kevin O’Leary submitted a formal bid for TikTok earlier this month.

US president Trump said on Tuesday that he was open to Musk buying TikTok if the Tesla CEO wanted to do so.

[ad_2]

Source link

spot_img

Related Posts

Join the Winning Team: NorthView’s Superior Trading Platform

In the fast-paced world of online trading, success depends...

Understanding Loot Boxes: Are They Fair or Exploitative?

Loot boxes have become a highly debated topic in...

Emergency Roof Leak Repair Services in Tigard for Immediate Solutions

A roof leak can occur unexpectedly, often during a...

The Passionate Craft of Tamada Toasts in Wedding Celebrations

Weddings are profound celebrations that intertwine love, culture, and...

This AI is so good, it’s like getting ChatGPT-5 early

TL;DR: Get a 1minAI lifetime subscription for $99.99...
spot_img