TikTok faces multiple potential buyers as the app remains banned from major app stores following President Biden's federal ban in April 2024. Here's what's happening with the potential TikTok acquisition:

YouTube star MrBeast (Jimmy Donaldson) expressed interest in purchasing TikTok to prevent its ban. While several billionaires have approached him, his spokesperson confirmed he hasn't made any formal bids yet but remains in discussions with multiple buyers.

The situation is urgent because:

• The Supreme Court upheld the federal ban
• Apple and Google face $5,000 fines per download if they restore the app
• The deadline for finding a buyer has passed

Key potential buyers and options include:

• An investor group led by Jesse Tinsley offering an all-cash deal
• Frank McCourt's Project Liberty consortium, proposing shared ownership with implementation of their Decentralized Social Networking Protocol (DSNP)
• ByteDance's preference for maintaining control while exploring alternatives "short of selling the company"

ByteDance board member Bill Ford remains optimistic about finding a solution that allows TikTok to continue operating in the United States, potentially through a modified control structure rather than a complete sale.

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