An offer of more than $20 billion for TikTok?

A group of American investors, including the famous YouTuber Mr. Beast, has raised over $20 billion to purchase TikTok’s operations and assets in the United States, reports Jesse Tinley, the tech entrepreneur organizing the buyout.

The consortium has the backing of Mr. Beast (Jimmy Donaldson), who holds the most-followed account on YouTube, Mr. Tinsley stated in an interview with Bloomberg.

“Mr. Beast and his team are definitely supporting our group, but it’s not exclusive. We hope he can work with as many groups as possible [to acquire TikTok],” he added.

In addition to Mr. Tinley, founder of Employer.com, the consortium mainly includes CEOs of tech companies, such as David Baszucki, co-founder and CEO of Roblox Corp, as well as Nathan McCauley, co-founder and CEO of Anchorage Digital.

Mr. Tinsley stated to Bloomberg on January 29 that his group’s offer was “significantly higher” than that of a rival buyer. He may be referring to the Project Liberty offer, organized by former owner of the Los Angeles Dodgers, Frank McCourt, and renowned investor from Shark Tank, Kevin O’Leary.

American President Donald Trump signed an order on January 20 to suspend for 75 days the enforcement of the law banning TikTok in the United States.

For several years, the U.S. government has viewed ByteDance as a national security threat due to its alleged sharing of American user data with the Chinese government.

For now, Mr. Tinsley stated that he has not received a direct response from ByteDance. “It’s radio silence on their side,” he said.