After the bipartisan TikTok law was signed by former President Joe Biden in April, ByteDance said it did not have plans to sell the platform and fought the statute in court for months. China also rebuked Washington over the divestment push, though more recently it appears to be softening its stance.

President Donald Trump has directed his Justice Department to pause enforcement of the TikTok ban until early April

Jimmy Donaldson, better known as MrBeast, has teamed up with Employer.com CEO Jesse Tinsley and other investors in an all-cash offer for the social platform.

The YouTube star has become known for producing a range of content—including big-budget, elaborate stunts and charitable acts.