Market Chatter: Roblox CEO Among Investor Group Prepared to Bid for TikTok

MT Newswires Live01-30

Roblox (RBLX) co-founder and Chief Executive David Baszucki is among a group of investors that has secured more than $20 billion to acquire TikTok from China's ByteDance, Bloomberg reported Thursday, citing tech entrepreneur Jesse Tinsley.

The report said the group of US investors includes YouTube star Jimmy Donaldson, also known as MrBeast, and Anchorage Digital Chief Executive Nathan McCauley.

Tinsley has not been in direct contact with ByteDance, which maintains TikTok and its US business are not for sale, the report said.

ByteDance, Roblox, MrBeast, and Anchorage Digital did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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