TikTok receives $50 billion offer from US entrepreneur Reid Rasner to buy app

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...