Amidst the potential sale of TikTok, prominent figures like MrBeast, Elon Musk, and Larry Ellison have emerged as potential buyers. The U.S. government's pressure on ByteDance to divest its TikTok ownership has intensified, leading to speculation about the app's future. While the possibility of a sale was once remote, recent developments suggest a shift in China's stance, raising questions about who will ultimately acquire TikTok and the implications for its unique algorithm.
YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison are names that have floated around in the past week.“TikTok, I’m on a private jet right now about to put in my official offer for this platform,” Jimmy Donaldson, better known on the internet as the creator MrBeast, Donaldson is one of a handful of people who have said they are interested in acquiring the app in a bid to satisfy a U.S. law that requires TikTok’s Chinese parent company, ByteDance, to sell it.
“What happens to the algorithm? Will this be an outright sale or a JV/partnership structure?” Dan Ives, an analyst for the financial services firm Wedbush Securities, wrote in an analyst note Wednesday. “Our view is ByteDance is willing to play ball and look for a legitimate deal/JV partner to keep TikTok up and running while protecting its algorithm. From the beginning we have only seen a few core potential bidders for the TikTok asset that would be ‘approved’ by Beijing.
“We continue to believe Musk will be heavily involved in finding a solution for TikTok and ultimately could build a consortium to buy TikTok,” he wrote. “Other strategic/financial players are looking at this golden asset, but it needs to be formally approved by Beijing and will never be sold with the algorithm in our view.”Oracle is one of TikTok’s most vital service providers, managing and storing user data.
In 2020, when Trump signed an executive order to ban TikTok due to national security concerns, then-Secretary Mnuchin oversaw the Committee on Foreign Investment in the United States, which was tasked with evaluating the risks associated with the app. He facilitated negotiations and conversations with potential bidders, a process that came to an end when TikTok won a court appeal and the ban was halted.
TIKTOK SALE ELON MUSK LARRY Ellison MRBEAST Bytedance US Government Algorithm
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