Wyoming entrepreneur Reid Rasner offers nearly $50 billion for US TikTok control
CASPER, WY, UNITED STATES, February 20, 2025 - Backed by a group of private equity investors, Rasner Media LLC, led by Wyoming entrepreneur Reid Rasner, is pushing its $47.45 billion offer for TikTok’s US operations, including its prized algorithm, as President Trump’s January 20 executive order keeps the platform alive. The 75-day reprieve, signed on Trump’s first day in office, delays a federal ban set for January 19, giving Rasner’s bid—the largest offer to date for TikTok by any serious investor—a critical window to secure the app’s 170 million American users and sever ties with China’s ByteDance.
"This is about making TikTok American and building the Silicon Valley of the Mountain West."
- Reid Rasner, Founder of Rasner Media
Rasner’s vision to base TikTok in Wyoming—powered by the state’s low-cost, clean energy like LNG, coal, and nuclear—promises a tech revolution, creating thousands of jobs and positioning Wyoming as a global leader in AI and digital innovation. “This is about making TikTok American and building the Silicon Valley of the Mountain West,” said Rasner, a business, fintech and AI veteran.Trump’s order, pausing enforcement of the Protecting Americans from Foreign Adversary Controlled Applications Act, buys time for a sale after the Supreme Court upheld the law. With ByteDance yet to respond to Rasner’s February 18 offer, the clock is ticking on this high-stakes deal to reshape TikTok’s future and Wyoming’s economy.