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The bidding war for TikTok is heating up . . .
President Trump is encouraging more companies to step up to BUY TikTok. The deal will be a profit windfall for Pre-IPO investors including Sequoia Capital and Softbank.
TikTok could use this secret back door to launch an IPO in September. And early investors could have a shot at Pre-IPO shares.
Go here to discover the Pre-IPO secret.
The Wall Street Journal reports that a new bidder wants to acquire TikTok.
Three unlikely suitors are partnering up to bid for TikTok. And they’re none other than Sequoia Capital, General Atlantic and Oracle (NASDAQ: ORCL).
Sequoia Capital and General Atlantic are two well-established venture capital firms. The firms are major shareholders in ByteDance – the parent company of TikTok.
Oracle and the VC funds may have a leg up – thanks to a close relationship with President Trump.
Oracle founder and CEO Larry Ellison hosted a fundraiser for Trump in February. And the event at his home raised $7 million for Trump’s reelection.
Trump thinks highly of Ellison and Oracle. And he recently commented on Oracle’s interest as a TikTok buyer . . .
“Well, I think Oracle is a great company and I think its owner is a tremendous guy, a tremendous person. I think that Oracle would be certainly somebody that could handle it.”
Initial bids for TikTok are expected by Aug. 28. And the company will then enter exclusive negotiations with the TikTok buyer.
It’s possible that TikTok is considering a secret back door IPO. And this type of deal could appease Trump – and allow existing investors to see huge profits.
Go here to discover the Pre-IPO profit secret.
Let’s briefly recap the TikTok drama . . .
On Aug. 7 President Trump issued an executive order naming TikTok as a national security threat.
The order could force TikTok to stop operating in the U.S. That’s unless the parent company ByteDance agrees to sell its U.S. operations to an American company. And the deal would have to be approved by Trump.
Microsoft quickly emerged as a positional TikTok buyer. Microsoft has $136 billion in cash – giving it plenty of resources to buy TikTok. And the companies say they’ll conclude talks before Sept. 15.
Twitter decided to jump into the action as a potential TikTok buyer – and is also having talks with TikTok. However, with just $7.8 billion in cash it’s unclear how Twitter would finance the deal.
And yesterday TikTok filed a lawsuit against the U.S. government in California. TikTok claims that the Trump administration executive order deprives the company of “due process.”
What’s Next for TikTok
It appears very likely that a TikTok buyer will be a major U.S. company . . .
Or it’ll go public in the U.S. using this little-known IPO back door.
President Trump is gunning for the social media app. And that’ll make it nearly impossible for the company to continue to operate in the U.S.
America is the company’s most lucrative market. Getting banned could have severe financial consequences and derail a future IPO for ByteDance.
ByteDance was recently valued at $140 billion by one investor. Meanwhile, TikTok USA could be worth over $50 billion.
Early investors are earning a fortune by purchasing tech stock Pre-IPO shares. These deals are typically OFF-LIMITS to regular investors.
Yet I’ve just discovered a secret back door for BUYING Pre-IPOs. And you can get started with as little as $10.
Go here to discover the Billionaire’s Pre-IPO Secret.
Yours in Health & Wealth,
Ian Wyatt