TikTok Sale Deadline Looms: Bidding War Heats Up as April 5 Deadline Approaches

With the April 5 deadline approaching for TikTok to be sold or face a ban in the United States, a bidding war is intensifying. Several parties have expressed interest, including Frank McCourt (owner of Olympique de Marseille) with Reddit co-founder Alexis Ohanian, offering approximately €18 billion. A group led by Employer.com CEO Jesse Tinsley, including Roblox CEO David Baszucki and MrBeast, has bid around €27 billion. Tech giants like Microsoft, Perplexity AI, and potentially Amazon have also been mentioned. A consortium involving Blackstone, Andreessen Horowitz, and Oracle is considered a credible option. ByteDance, TikTok's parent company, is reportedly reluctant to sell but may have to comply with U.S. regulations.