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MrBeast, the popular YouTuber, is reportedly part of a consortium attempting a $20 billion+ bid to acquire TikTok. Bloomberg reports this group includes Jesse Tinsley (Employer.com founder), Roblox co-founder and CEO David Baszucki, and Anchorage Digital's Nathan McCauley. The group estimates the acquisition will require $25 billion.
While TikTok's owner, ByteDance, has declared its U.S. operations are not for sale, and the Tinsley-led group hasn't received a direct response, MrBeast's representatives indicate he's engaged in discussions with various parties. He aims to join the leading bidder, potentially shifting allegiances depending on the situation's evolution. On January 22nd, MrBeast tweeted, "The leading groups who are all credible bidding on Tik Tok have reached out for us to help them, I’m excited to partner/make this a reality. Big things cooking."
Earlier this week, President Trump mentioned Microsoft's purported negotiations to purchase TikTok, anticipating a bidding war. Microsoft hasn't confirmed this.
TikTok experienced a temporary shutdown for its 170 million U.S. users shortly before a January 19th deadline requiring ByteDance to sell or face a ban due to national security concerns. This followed the Supreme Court's rejection of TikTok's First Amendment challenge. The court acknowledged common data practices in the digital age, but cited TikTok's scale, vulnerability to foreign control, and the sensitive data it collects as justification for intervention to address national security concerns. Service resumed after assurances from President Trump that penalties would be avoided. TikTok stated this was a victory for the First Amendment and against arbitrary censorship, pledging to collaborate with President Trump on a long-term solution to maintain its U.S. presence.
Following his inauguration on January 20th, President Trump issued an executive order delaying enforcement of the law by 75 days. He's engaged in discussions with various entities and individuals regarding a potential TikTok buyout, including expressing openness to Elon Musk's involvement.
