MrBeast, one of most successful Internet creators, may join a bid by real estate mogul and Project Liberty founder Frank McCourt to buy TikTok's U.S. arm, McCourt told Axios' Sara Fischer in Davos Wednesday.
MrBeast himself hasn’t publicly commented on which side he’ll choose yet. “The leading groups who are all credible [sic] bidding on Tik Tok have reached out for us to help them, I’m excited to partner/make this a reality,” he posted on Wednesday.
Frank McCourt revealed plans to include Jimmy Donaldson, better known as MrBeast, in his $20 billion bid to acquire TikTok’s U.S. arm.
TikTok finds itself in Penelope’s position now—suitors are lining up to buy the social media site as it remains missing from the App Store and Google Play. Without a suitable buyer, American tech companies face big fines if the app returns.
Will TikTok find a U.S. buyer to remain legal? After Trump vowed to make a deal to save the app, MrBeast has emerged as part of a joint bid.
The billionaire declined to share details on his sources of financing, but said private equity firms and family offices have reached out.
The platform is in need of saving in the United States, where approximately 170 million people have TikTok accounts. On Friday, the U.S. Supreme Court upheld a federal law that will ban the platform on Jan. 19 unless TikTok’s China-based owner ByteDance divests its U.S. operations.
When the world's most anticipated game of corporate musical chairs began with Shark Tank's Kevin O'Leary being a key player, internet sensation MrBeast threw his hat into the ring.
Jimmy Donaldson, better known as MrBeast, has teamed up with Employer.com CEO Jesse Tinsley and other investors in an all-cash offer for the social platform.
Frank McCourt’s Project Liberty and other investors have submitted a bid to buy TikTok from China-based ByteDance after a court-ordered divestiture or shutdown.
A representative for Jimmy Donaldson — better known online as MrBeast — says the YouTube star isn’t in the TikTok bidding race just yet
He said private equity firms and family offices have reached out to provide financing options. Read more at straitstimes.com.