Mr. Beast announced his intention to buy TikTok and join the bidding war

Renowned YouTuber and TikTok influencer Mr. Beast has officially joined the bidding frenzy to acquire TikTok. After his inauguration as the President of the United States, Trump signed an executive order extending the TikTok ban, giving TikTok an additional 75 days to find a new buyer. TikTok was delisted by Apple and Google but managed to come back online within 12 hours.

On January 13th, Mr. Beast, whose real name is Jimmy Donaldson, posted on X saying, "Okay! I'll buy TikTok so it won't be banned or shut down!" Although it sounds like a joke, Mr. Beast's lawyer told CNN that Mr. Beast is serious.

Mr. Beast said he had a serious meeting with a group of billionaires to discuss buying TikTok. Mr. Beast added that he was ready to make an offer. Mr. Beast also recorded a video on TikTok introducing his lawyer and opening a briefcase to reveal documents, saying that TikTok should be saved for Americans.

Mr. Beast and the consortium behind joined the bidding war

A spokesperson for Paul Hastings, the law firm representing Mr. Beast and the consortium behind the bidding, stated in an interview with CNN that the bidding was a response to the U.S. Supreme Court upholding the federal court injunction, which stipulates that unless TikTok is sold to a non-Chinese company, its operations in the United States will be prohibited.

Jesse Tinsley, Founder and CEO of Employer.com, leads this investment group, which includes Mr. Beast and other high net worth investors, who don't want to see TikTok disappear and have expressed their commitment to ensuring that TikTok's 170 million American users can continue to use the platform without disruption.

In a statement, Tinsley said they want a win-win solution that can both maintain the platform and address national security concerns reasonably, but the statement did not disclose the amount of the offer.

Multiple investment groups are interested, and the TikTok competition is lively. I don't know who the prize will go to.

According to reports from The Wall Street Journal and Bloomberg, Chinese officials are considering selling TikTok to Musk, but both ByteDance, the parent company of TikTok, and Musk have not commented. The investment groups currently interested in acquiring TikTok also include The People's Bid For TikTok, whose members include Kevin O'Leary, a judge on the reality show Shark Tank, and Frank McCourt, former owner of the Dodgers.

The People's Bid For TikTok and received support from Guggenheim Securities and Tim Berners-Lee, the inventor of the WWW domain name, joining the ranks of investors.

Wedbush Securities analyst Dan Ives believes that excluding algorithms, the estimated value of TikTok's assets in the United States is between $40 billion and $50 billion.

The People’s Bid For TikTok also declined to disclose the bid price and stated in a statement that it would not publicly share the financial details of the offer until the review of the proposal by ByteDance.

This article Mr. Beast announced that he wants to buy TikTok to join the bidding war, which first appeared in Chain News ABMedia.