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TikTok has been 'publicly silent' as US companies bid on the app

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The app was temporarily banned in the U.S. due to a mandate requiring TikTok to sell to a US -based company.

At the time of this writing, ByteDance has been silent on whether it plans to sell the app.

Individuals who have stepped forward to acquire TikTok include YouTuber MrBeast , who is part of a group that has secured over $20 billion to bid.

Reddit Founder Alexis Ohanian Sr. has entered the bidding war by joining billionaire Frank McCourt’s buying group.