A group of American investors, including YouTube star MrBeast and Roblox CEO David Baszucki, has secured over $20 billion for a potential TikTok takeover, but ByteDance has yet to respond to their bid.
As the fate of TikTok hangs in the balance, one of the world’s most popular and successful content creators has announced a bid to buy it. 💰💸Limited time! Get TheStreet Pro’s quarterly call for free.
After the bipartisan TikTok law was signed by former President Joe Biden in April, ByteDance said it did not have plans to sell the platform and fought the statute in court for months. China also rebuked Washington over the divestment push, though more recently it appears to be softening its stance.
With multiple suitors circling and Trump framing the situation as a deal-making exercise, TikTok's U.S. future is still up in the air. If a resolution is reached, it could set a precedent for tech ownership disputes between the U.
Nasdaq futures (NQ=F) are jumping this morning after President Trump announced Stargate, a push to help support AI growth in the United States. Among the big companies involved in the project are OpenAI,
Elon Musk is already casting doubt on OpenAI’s new, up to $500 billion investment deal with SoftBank (SFTBY) and Oracle (ORCL), despite backing from his allies — including President Donald Trump.
China’s foreign and commerce ministries didn’t immediately respond to requests for comment on whether Beijing would allow the American government to own part of TikTok.
Thanks to his elaborate productions and viral challenges, MrBeast is the most popular creator on YouTube. Here's how much he makes and what he's worth now that he's bidding for ownership of TikTok.
Several other names have been floated as possible buyers — Tesla CEO Elon Musk, Jimmy Donaldson ( MrBeast), who recently posted on social media about possibly pulling off such a deal, and former Blizzard-Activision CEO Bobby Kotick. Whether these buyers ...
Jeff Bezos-backed Perplexity AI has proposed merging with TikTok's U.S. operations, offering the U.S. government a 50% stake via a $300 billion IPO while allowing ByteDance to retain ties without the proprietary recommendation algorithm.
DAVOS, Switzerland (Reuters) - U.S. businessman Frank McCourt is open to teaming up with other buyers on a bid to take over the U.S. operations of TikTok as long as he can maintain control of the asset, he told Reuters at the Davos event on Thursday.
One of the parties seeking to buy TikTok is the popular YouTuber MrBeast. He is known for creating content that centers around inordinate displays of wealth, and it wouldn't be too farfetched to ...