Introduction
A startup founded by Tim Stokely, known for creating the adult content social media platform OnlyFans, is seeking to acquire TikTok from its Chinese parent company, ByteDance.
Context
This move comes as Stokely's company collaborates with a cryptocurrency foundation to formulate a comprehensive acquisition strategy.
Developments
On Wednesday, both Stokely's startup and the cryptocurrency foundation announced their intentions to present a late-stage plan for the purchase of the popular short video application.
Conclusion
This acquisition attempt highlights the ongoing interest in TikTok and the evolving landscape of social media and technology ownership.