Amid TikTok’s uncertain future in the country until it comes under a US owner, 40-year-old Reid Rasner has made an offer to buy TikTok for$ 50 billion. The rich Wyoming entrepreneur has made an offer to Chinese parent company ByteDance, according to reports.
Reid Rasner founded a number of state-owned advertising companies. He stated in his present that he wants to purchase TikTok for Wyoming because he wants the state to include jobs. ” By establishing TikTok’s operations in Wyoming, Reid will kindle a new period of economic growth, creating thousands of high-paying jobs that will not only gain the tech industry but also supercharge Wyoming’s power, agribusiness, and tourism industries”, the letter from Rasner Media counsel Steve Roberts states.
” This program will bring high-skilled employees, cutting-edge technology, and fresh investment opportunities into the position, strengthening the business while ensuring Wyoming remains a regional leader in multiple industries”.
” While traditional tech hubs struggle with skyrocketing energy prices and unreliable grids, Wyoming offers unmatched energy stability, efficiency, and sustainability”, the letter says.
President Donald Trump promised to save TikTok, which had been unavailable for more than three weeks, before returning in February. Before his executive order stalling the app’s ban expires in 75 days, Trump claimed he was working to convert TikTok to US ownership. Trump claimed that Microsoft was one of the numerous businesses interested in buying TikTok. JD Vance, the vice president, has been given the task of shepherding the transaction.
Rasner has just started bidding for TikTok, with names like Larry Ellison, Frank McCourt, and KevinO’Leary, the star of Shark Tank, among others. Elon Musk stated that TikTok was not something he was interested in purchasing.
Sen. John Barrassi (R-Wyo ) lost the state’s 2024 Republican primary, Rasner, who described himself as a proud 4th generation Wyomingite.
