Tim Stokely, the founder of OnlyFans, has partnered with the HBAR Foundation to submit a bid to acquire TikTok as the platform faces a U.S. deadline for potential divestment. Their offer aims to gain control over TikTok’s U.S. operations, entering a competitive field with numerous bidders. This comes after President Trump pressed for potential buyers amid concerns about the app's ties to China, particularly regarding surveillance and disinformation risks. The deadline for a decision is April 5, following legislation requiring ByteDance, TikTok’s parent company, to divest its U.S. operations or face a ban. Other notable bidders include tech firms and private equity, with discussions on TikTok's sale heating up as various companies compete to reposition the platform’s future in the U.S. market. By making this late-stage bid, Stokely and HBAR Foundation align themselves with a movement of technology-focused bidders intent on preserving TikTok’s presence amid regulatory scrutiny.

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