Investment Group Pursues TikTok Acquisition
A consortium of American investors, backed by prominent YouTube star Mr. Beast, is working to acquire TikTok, with proposed financing surpassing $20 billion, as reported by technology entrepreneur Jesse Tinsley. Tinsley is orchestrating the negotiations for the deal.
The investment group has enlisted two notable technology executives: David Baszucki, founding partner and CEO of Roblox Corp, and Wittman McCalli, founding partner and CEO of Anchor Digital. Tinsley disclosed this information during a recent interview.
As of now, Roblox and Anchor have not provided comments regarding this potential acquisition.
According to Tinsley, his group’s offer significantly exceeds a competing bid of approximately $20 billion, possibly referencing an offer by the Liberty project led by Frank McCourt, the former owner of the Los Angeles Dodgers, and participation from Kevin O’Leary of Shark Tank, which estimates the value of TikTok at around $25 billion.
The competitive landscape for this acquisition is rapidly evolving, and it remains uncertain whether Tinsley and his consortium will emerge as serious contenders in these discussions. Notably, Tinsley indicated that his group has not engaged in direct communication with ByteDance, the Chinese parent company of TikTok, which has stated that its operations in the United States are not for sale. Tinsley remarked, “We did not receive any direct response. There was complete silence on their part.”