An American entrepreneur with a bid to buy the social media appTikToksaidSouth Dakota is the frontrunner for the infrastructure of the apps potential headquarters in the U.S.
Wyoming-native Reid Rasnersaid hes had conversations with the apps legal representation as well as theTrump Administration.
Rasner said hes put together a strong bid to buy the app and its coveted algorithm.
And our offer also allows Bytedance, the company [of TikTok], who wants to sell in our conversations a 20% stake in the company, like the legislation allows for. So they get to continue to own 20% of the company, Rasner said. China is out, we own the algorithm, we get the digital footprint, and they get to make an amazing amount of money with us. And we get to reinvest that in our states, which is most important when we look at public-private partnerships.
Rasner is up against some big names for the app, includingOracleandAmazon. Yet, he said hes not too worried.
Our bid is for $47.45 billion, which is $20 billion ahead of the next highest bid, and we have at least secured that much money I can say, Rasner said.
But just because Rasner Media has a proposal on the table doesnt mean its going to happen. The proposal must be approved by the federal government, and China must agree to the deal.
China has to sell. So, I would ask President Trump to facilitate the transaction and sell us Bytedance. Were ready to sign, our investors are ready, Rasner said.
Rasner said hes already had conversations withBytedanceslegal representation in America and the Trump Administration.
He said plans are in the works to partner withDakota State Universityto ensure safe, secure data for Americans.
Were gonna work with them through quantum computing, so post-quantum computing, AI and cybersecurity. And were going to make sure that your data is not only stored and housed on American-owned databases, and data centers but also American-owned cloud storage and protected by American-owned IP and quantum computing, Rasner said.
Gov. Larry Rhodensaid hes excited at the potential jobs and business the state could stand to benefit from if the deal goes through, as well as working with Rasner and his team.
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