MrBeast or General Atlantic CEO - Who is buying TikTok in US?

TikTok in the US has attracted interests from top corporates including General Atlantic CEO. Interesting names such as MrBeast has emerged.

Reuters
TikTok 75-day grace period from US ban
TikTok in the US has become a cynosure of all corporates' eyes as big names have started to emerge as potential buyers. General Atlantic CEO Bill, a board member of TikTok's parent company, said on Thursday that he was optimistic that a deal to keep the short-video app operating in the United States would be agreed, as per a report on Reuters.

Meanwhile, Jimmy Donaldson — better known online as MrBeast — isn't in the TikTok bidding race just yet, according to a representative for the YouTube star, as per a report on AP.

"The objective is for TikTok to continue operating," General Atlantic CEO Bill Ford said during a panel debate at the World Economic Forum in Davos. "I have a sense of optimism that we can meet U.S. security needs and not sell the company," Ford said.



Donaldson stirred interest in a January 13 post on X saying he’d “buy TikTok so it doesn’t get banned.” The next day, Donaldson added, “Unironically I’ve had so many billionaires reach out to me since I tweeted this, let’s see if we can pull this off.”


That seemed all the more certain this week when Donaldson was named in reports related to an investor group looking to buy the TikTok's U.S. operations in an all-cash offer, led by Recruiter.com Ventures founder and CEO Jesse Tinsley. A Monday post on X from Tinsley and a Tuesday announcement from Paul Hastings LLP, a law firm that says it’s advising the group, both identified MrBeast as being part of this effort.
ADVERTISEMENT


But, contrary to Tuesday night reports, MrBeast spokesperson Matthew Hiltzik said Donaldson hasn’t officially joined any bids.


TikTok's future in the U.S. continues to be uncertain. Under a federal law upheld by the Supreme Court last week, TikTok was supposed to find an approved buyer for its US operations by January 19 or face a nationwide ban. The platform shut off access for U.S. users late Saturday, hours before that deadline, but came back online Sunday with a message crediting then-incoming President Donald Trump, who had vowed to stall the ban.


ADVERTISEMENT
US President Donald Trump signed an executive order on Monday seeking to delay by 75 days the enforcement of a ban of TikTok. The app in the U.S. was slated to be shuttered on January 19.


FAQs


ADVERTISEMENT
Q1. What is current status on TikTok?
A1. US President Donald Trump signed an executive order on Monday seeking to delay by 75 days the enforcement of a ban of TikTok. The app in the U.S. was slated to be shuttered on January 19.


Q2. What does US law state about TikTok?
A2. TikTok's future in the U.S. continues to be uncertain. Under a federal law upheld by the Supreme Court last week, TikTok was supposed to find an approved buyer for its US operations by January 19 or face a nationwide ban.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › US News › MrBeast or General Atlantic CEO - Who is buying TikTok in US?
Text Size:AAA
Success
This article has been saved

*

+