Wyoming Entrepreneur Offers $47.45 Billion for TikTok Acquisition

CHEYENNE, Wyo. — Reid Rasner, a 40-year-old entrepreneur from Wyoming, has made a significant offer to buy TikTok for $47.45 billion. In a letter sent to the app’s parent company, ByteDance, Rasner expressed his intention to acquire a controlling stake in TikTok’s assets and operations.

The proposal, revealed in a letter obtained by The Post, was sent by Rasner’s attorney, Steve Roberts, on February 19, 2025. Rasner aims to establish TikTok’s operations in Wyoming, citing the state’s potential for economic diversification and job creation in various sectors.

“By establishing TikTok’s operations in Wyoming, Reid will ignite a new era of economic diversification, creating thousands of high-paying jobs that will not only benefit the tech sector but also supercharge Wyoming’s energy, agriculture, and tourism industries,” Roberts stated.

Rasner’s proposal comes amid ongoing discussions about the app’s future in the United States following mandates from the Biden administration for ByteDance to divest TikTok. Concerns about user data being accessed by the Chinese Communist Party have been raised by national security experts.

Regarding his bid, Rasner emphasized Wyoming’s advantages, including its clean and low-cost energy, which he believes would power TikTok’s operations sustainably. “While traditional tech hubs struggle with skyrocketing energy prices and unreliable grids, Wyoming offers unmatched energy stability, efficiency, and sustainability,” he noted.

Former President Donald Trump, who took office on January 20, 2025, previously mentioned the value of TikTok, stating it was “worth like a trillion dollars.” He suggested potential buyers consider sharing profits with the U.S. government to facilitate the acquisition process.

Other potential buyers have emerged, including tech magnate Larry Ellison and notable figures such as Tesla founder Elon Musk and “Shark Tank” star Kevin O’Leary, who have proposed significant investments towards acquiring and revitalizing TikTok.

Rasner, known for founding several companies in Wyoming and previously challenging Senator John Barrasso for a Senate seat, has expressed readiness to enter into non-disclosure agreements and conduct due diligence for six months. By the end of this period, he plans to issue a formal letter of intent for controlling interest in TikTok’s U.S. operations.

As of now, representatives for TikTok have not responded to requests for comments regarding the offer. The situation remains dynamic as it awaits further developments.