YouTube personality “MrBeast” Jimmy Donaldson and a group of investors tapped Brad Bondi, the brother of President Donald Trump’s pick to run the Justice Department, for legal advice on their bid to buy TikTok.
A string of big names from the world of tech and even the US government have been touted as potential new owners of the social media giant. It comes after President Trump signed an executive order giving the company 75 days to convince officials it does not threaten national security.
US President Donald Trump has signed an executive order granting TikTok a 75-day extension to comply with a law banning the app if it is not sold. The social media platform briefly went dark in the US days before Trump took office, after the Supreme Court denied a bid by its Chinese owner ByteDance to overturn the legislation.
TikTok was no longer available in the USA. As no buyer could be found, the ban, which both Republicans and Democrats under former US President Joe Biden had campaigned for, came into effect last Sunday.
The high-profile names who could potentially buy TikTok following the Supreme Court's decision to uphold the law banning the platform in the US.
MrBeast joins a long list of interested TikTok buyers including billionaire Elon Musk and Oracle founder Larry Ellison. Billionaire Frank McCourt, who runs the internet advocacy group Project Liberty has also publicly expressed his interest in the opportunity,
Donald Trump has given TikTok 75 days to convince ... if it is sold with its algorithm? Youtuber MrBeast, real name Jimmy Donaldson, posted on 14 January: "Okay fine, I'll buy TikTok so it doesn ...
Trump's most recent plan for TikTok centers on demands that the United States be given a 50% ownership position in the app under any proposed deal.
As TikTok faces a potential ban, various bidders, including Elon Musk and Larry Ellison, are key contenders to buy the platform. Meanwhile, Netflix remains a possible option among streaming giants, though the company has not historically pursued major acquisitions.
There will be no shortage of interested acquirers for the popular video service, which boasts 170 million monthly U.S. users.