TikTok receives $50 billion offer from US entrepreneur Reid Rasner to buy app
“While traditional tech hubs struggle with skyrocketing energy prices and unreliable grids, Wyoming offers unmatched energy stability, efficiency, and sustainability”
By News on the Net -- New York Post—— Bio and Archives--February 19, 2025
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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. ---More...
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