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Entrepreneur Reid Rasner makes $50B offer to buy TikTok

February 19, 2025
Source: nypost.com nypost.com
News Snapshot:
A wealthy Wyoming entrepreneur has made an offer to buy TikTok for nearly $50 billion, The Post can reveal. Reid Rasner, 40, who has founded several firms in the state and currently heads up a media company, is seeking “a controlling stake” in TikTok’s assets, operations and proprietary algorithm for $47.45 billion, according to a copy of a Tuesday letter obtained by The Post that Rasner’s lawyer sent to the app’s Chinese parent company ByteDance. “By establishing TikTok’s operations in Wyoming, Reid will ignite a new era of economic diversification, creating thousands of high-paying jobs that will not only benefit...
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