Group led by MrBeast offers over $20 billion for TikTok

A consortium of American investors is planning to acquire TikTok, reported Bloomberg. Led by online personality MrBeast, the group has raised over $20 billion for the bid, as reported by Mr. Jesse Tinsley, a tech entrepreneur and founder of Employer.com.

Tinsley confirmed that the group has also recruited two other high-profile investors: David Baszucki, Roblox’s co-founder and CEO, and Nathan McCauley, co-founder and CEO of Anchorage Digital.

The group’s proposal exceeds a competing $20 billion offer, likely from Project Liberty, a partnership involving LA Dodgers owner Frank McCourt and Shark Tank’s Kevin O’Leary, who is said to have valued their bid at $25 billion.

Offers are abundant, with Elon Musk and Microsoft also in the conversation of acquiring TikTok’s American operations.

Nevertheless, despite the multiple potential buyers, ByteDance has yet to provide any comments regarding a possible deal and has consistently asserted that separating its business won’t take place.

Source

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