There’s been some speculation on social media, possibly playful, that Kick.com, a streaming platform backed by Stake, might be planning to acquire TikTok’s U.S. assets from ByteDance Ltd. This speculation stems from an image posted in response to Mr Beast hinting that he and some wealthy individuals are preparing to take over TikTok’s U.S. platform before the app faces a nationwide ban.
As a gaming enthusiast, I’ve been keeping an eye on Kick.com since it burst onto the scene back in December 2022, challenging YouTube and Twitch. In just a short span, this platform has seen rapid growth. The question on everyone’s lips is: does Kick.com have the financial muscle to acquire an American version of TikTok? This post hints that they do.
The Proposal
On Twitter account (X), Kick’s social media team posted a partially concealed picture of an agreement to buy a company, specifically TikTok U.S. This business is being sold by ByteDance Ltd, a prominent tech company based in Beijing, which owns the TikTok app along with several other applications.
@KickStreaming
beat you to it @MrBeast
35.8KReply
The picture implies that the document spans across 69 pages and involves a real estate deal, specifically a 120,000-square-foot campus located in California.
The exact amount Kick.com is set to pay for TikTok hasn’t been revealed, but given the extent of the blacked-out sections, it seems likely that it will run into billions of dollars. Moreover, the transaction is described as a ‘stake in the business’, implying it might not be a full buyout.
The full document was kept hidden, with Kick.com sharing only the top page.
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2025-01-16 10:17