U.S. investor group to offer over $20B for TikTok, Bloomberg reports

Employer.com founder Jesse Tinsley says his U.S. investor group vying to buy TikTok has secured more than $20B and has recruited the CEOs of Roblox (RBLX) and Anchorage Digital as investors, Bloomberg’s Alexandra S. Levine reports. The group, which has support from top YouTuber MrBeast, told Bloomberg on Wednesday that his group’s bid is “significantly higher” than a roughly $20B offer from a rival buyer, a potential reference to the Project Liberty bid organized by former Los Angeles Dodgers owner Frank McCourt and “Shark Tank” personality Kevin O’Leary, who have estimated it would take $25B to buy the app. Tinsley said his group “could stabilize TikTok and put it in a good place for users and data integrity across the United States population.” President Donald Trump told reporters on Monday that Microsoft (MSFT) is in talks to buy TikTok and that he’d like to see a bidding war over the social media app, Reuters reported this week. 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).