Jimmy Donaldson, better known as MrBeast, is part of a group of investors reportedly trying to buy TikTok with a bid exceeding $20 billion.
According to a Bloomberg report, Donaldson partnered with Jesse Tinsley, founder of Employer.com; Roblox co-founder and CEO David Baszucki; and the head of cryptocurrency platform Anchorage Digital, Nathan McCauley, to attempt the acquisition of the social media giant.
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The group believes that $25 billion will be needed to purchase TikTok from its parent company, China-based ByteDance, which, while fighting against the app’s ban in the United States, has already stated that it is not for sale.
Even so, MrBeast seems optimistic about the venture. “The top groups, all reputable, bidding on TikTok have reached out to us for help. I’m excited to partner and make this a reality. Big things are coming,” Donaldson posted on his X (formerly Twitter) profile on January 22.
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TikTok was suspended for more than 170 million users in the United States on January 19, after the Supreme Court passed a law requiring ByteDance to sell the app to a U.S.-based company if it wanted to continue operating in the country.
ByteDance refused, arguing that the law violated the First Amendment. However, TikTok was reinstated after Donald Trump, who took office on January 20, assured that the social media company would not face penalties for restoring its services.
After assuming office, Trump signed an executive order delaying the enforcement of the law by 75 days. He is currently in negotiations with multiple companies and individuals regarding a potential acquisition of TikTok and has stated that he is open to the idea of X owner Elon Musk taking control.
Photo and video: X @MrBeast. This content was created with the help of AI and reviewed by the editorial team.
