Investors have raised more than $20 billion to buy TikTok in the US
By ForGeeks A US investment group led by Jesse Tinsley has raised over $20 billion to acquire TikTok in the US. Roblox CEO David Bashuki and Anchorage Digital CEO Nathan McCauley are among the backers of the initiative. Their offer is significantly higher than other alternatives in the market.
Anchorage Digital CEO Nathan McCauley is also backing TikTok.
Tinsley noted, however, that the group has yet to discuss a deal with TikTok’s Chinese parent company, ByteDance, which insists it has no plans to sell TikTok to a U.S. business.
ByteDance has previously repeatedly stated that TikTok is not for sale, but pressure from the US government could affect the platform’s future fate. U.S. President Donald Trump, on his first day back in office, delayed for 75 days a law requiring the sale of TikTok under threat of being blocked in the U.S.
ByteDance’s first day in office.
