Wyoming billionaire 1 of 4 in race to buy TikTok
(NewsNation) — President Donald Trump is considering offers from four groups to purchase TikTok, which must be sold by April 5.
Wyoming entrepreneur Reid Raisner, CEO of Omnivest Financial, has offered nearly $50 billion for the platform. His eponymous company, Raisner Media, aims to turn the Chinese-owned institution into an American success, focusing heavily on protecting user data.
Raisner has created a website called 'Founders Tok,' offering payment tiers if you want to become a founding member. The top tier, 'Founding Father,' will cost $12,000 a year. The lowest costing tier, 'Patriot,' is $280 a year, or $25 a month,
Trump told reporters Sunday that four groups are in the running. Raisner, YouTube personality Mr. Beast, Shark Tank investor Kevin O'Leary, former Los Angeles Dodgers owner Frank McCourt and Employee.com founder Jesse Tinsley have long been considered possible buyers.
Trump says he will 'probably' extend TikTok ban deadline if deal isn't reached in time
'This is more than just buying TikTok,' Raisner told 'NewsNation Live.'
'This is national security and our United States data sovereignty. … [Americans] truly built Tiktok. The creators and 170 million-plus Americans have built this platform to what it is today.'
Raisner told NewsNation he understands that Raisner Media is 'in a very strong position' to win the bid for TikTok.
Should he acquire the Chinese-owned social media platform, it will remain free, he confirmed.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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