Since President Donald Trump signed an executive order granting TikTok a 75-day stay on a ban, many companies and individuals have been aiming to purchase the platform. It's said that Elon Musk, Microsoft, and Oracle are all in the race to buy TikTok. Now, there's a new player in the race.
According to Bloomberg (paywalled), a group of investors that includes YouTube personality MrBeast have raised over USD 20 billion (~RM88.74 billion) to bid for ownership of TikTok's US assets. MrBeast (real name Jimmy Donaldson), first mentioned buying TikTok on 13 January 2025 with a post on X saying "I'll buy TikTok so it doesn't get banned." The group believes that it would need USD 25 billion (~RM111 billion) to win the bid.
The bid is led by a group of American investors, with Jesse Tinsley (Employer.com Founder) as the organiser. There are also at least three tech entrepreneurs involved, of which David Baszucki (Roblox CEO) and Nathan McCauley (Anchorage Digital CEO) were named. The group has officially submitted its bid but hasn't received any response from TikTok's parent company (ByteDance).
ByteDance has said that it does not intend to sell the platform's US business. Things could change as the clock ticks down, so we'll keep an eye out for more updates. Until then, stay tuned to TechNave for more news like this.
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