tiprankstipranks
MrBeast joins new bid to buy TikTok, Bloomberg reports
The Fly

MrBeast joins new bid to buy TikTok, Bloomberg reports

MrBeast, whose real name is Jimmy Donaldson and is the internet’s most-followed and highest-earning content creator, is part of a group of American investors assembled by Jesse Tinsley vying to buy TikTok’s U.S. business before a possible ban, Alexandra Levine of Bloomberg reports. Tinsley, the founder of Employer.com, has submitted an all-cash bid with Donaldson and other “institutional investors and high net worth individuals,” a spokesperson for the group said. Companies in the social media space that compete with TikTok include Meta (META), Alphabet’s (GOOG) YouTube (GOOGL), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).

Invest with Confidence:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App