Jimmy Donaldson, known as MrBeast for his highest-ranked YouTube channel by subscribers, is involved in talks about buying TikTok from its China-based owner.
Donaldson’s involvement was first publicized by Employer.com founder and CEO Jesse Tinsley, who’s leading the group effort, and the group’s legal team at Paul Hastings, although MrBeast spokesperson Matthew Hiltzik said on Jan. 21 that the YouTube star hasn’t officially joined any bids.
TikTok, the U.S. version of Chinese-language video app Douyin, has accumulated 170 million American users since its launch in 2017.
Under the Protecting Americans from Foreign Adversary Controlled Applications Act, enacted in April 2024, TikTok had been banned from operating in the United States since Jan. 19 because it has not been separated from its China-based owner, ByteDance Ltd.
He said a team of investors, including Donaldson and Employer.com, had “officially submitted a compelling all-cash offer to ByteDance to keep TikTok in the U.S.,” and is “awaiting a response from ByteDance’s board.”
“This is about more than just a platform. It’s about ensuring TikTok remains a safe space where freedom of speech thrives, and where creators and communities can connect, inspire, and share ideas safely and respecting data privacy,” he wrote.
Lawyers representing the group include Brad Bondi, partner at law firm Paul Hastings and brother of Trump’s attorney general nominee Pam Bondi, and Legal Scale’s founding partner Neil O’Donnell, Tinsley said.
Hiltzik said that “several buyers are holding ongoing discussions with Jimmy” and no exclusive agreement has yet to be signed.
The Epoch Times has contacted MrBeast, Paul Hastings, and ByteDance for comment.
While ByteDance is a private company, because it is based in China, it hosts a Chinese Communist Party (CCP) committee, as required by Chinese law to which it must abide. Chinese law may also require any entity, including private businesses, to support the Chinese regime’s intelligence work.
After Trump tried to separate TikTok from ByteDance in 2020, the Chinese regime updated its list of export restrictions, covering ByteDance’s algorithm and AI technologies.
In March 2023, Beijing said it would “firmly oppose” any forced sale of TikTok and that any forced sale of or divestitures from TikTok “involve technology export issues” and must abide by China’s laws and regulations.
On Monday, Chinese foreign ministry spokeswoman Mao Ning told reporters that companies should be allowed to make their own decisions on their operations and acquisitions, but “if it involves Chinese companies, China’s laws and regulations should be observed.”