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In a surprising turn of events, Tron’s Justin Sun took to X (Twitter) on January 15th, to join the bidding race for buying social media giant TikTok.
Justin Sun’s remarks come as previous rumors about Elon Musk buying TikTok had created a online speculations of who will eventually bid for the social media platform.
Justin Sun Says He’ll Buy TikTok
With the rise in speculation around the bid for TikTok, users took to platform X, asking “How has the crypto space not stepped up and offered to buy TikTok yet?”
Justin had replied to this, saying “Alright, I could just offer to acquire TikTok, and everything would be resolved.”
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Will Musk Buy TikTok?
According to previous reports, Chinese officials have had initial discussions over the possibility of selling TikTok’s US operations to Elon Musk, a multibillionaire, should the short-video app fail to evade an upcoming ban.
Another possibility is that Musk serves as a middleman in an agreement to sell the app.
Although they have considered other options, such as selling the company to Musk, Beijing officials prefer that TikTok stay in the ownership of its Chinese parent company, Bytedance, according to Bloomberg.
Other Social Media Influencers Jump To Buy TikTok
With all the speculations around TikTok, MrBeast, the famous YouTuber, had also entered the bid to purchase TikTok in an effort to prevent the well-known app from being outlawed in the US.
Late Sunday night, the YouTuber, whose real name is Jimmy Donaldson, apparently made a joke about buying the site in a tweet.
In what seemed to be little more than online teasing, he wrote on X, “Okay, fine, I’ll buy TikTok so it doesn’t get banned.” The online celebrity, who has over 300 million YouTube subscribers, reaffirmed the claim a few hours later, saying he has communicated with potential billionaire investors.
Why are Musk’s Chances of Buying TikTok Stronger?
While most online celebrities and big names are entering the TikTok bid, it is likely that Elon Musk has the strongest case out of all. Musk has had an experience with handling social media platforms, something that the market witnessed extensively with his X (that time Twitter) buy.
Musk had started purchasing the company’s stock in January 2022, and by April, he had grown to be its biggest stakeholder with a 9.1 percent ownership position.
Musk first accepted the invitation from Twitter to join its board of directors before turning it down. In response to Musk’s unsolicited offer to buy the firm on April 14, the board of Twitter devised a “poison pill” strategy to thwart a hostile takeover. However, on April 25, the board unanimously accepted Musk’s $44 billion buyout offer.
The move positioned him as a strong and tactful business holder, making many believe that Musk tends to deliver upon his promises and claims.