Source: Bloomberg
Author: Tom Maloney
With the softening of the most fierce Republicans who scolded Tiktok, the name of the party's one billionaire and great gold owner was passed on the mouth of Washington.
The popular application of the United States forced byte beating from Tiktok will be the founder of the city merchant Susquehanna International Group, Jeff Yass, the founder of the city merchant, and pushed Jeff Yass, the founder of Susquehanna International Group, to the hot spotlight.This is because he holds the shares of the $ 15 billion ($ 20 billion) of the byte, and the Bloomberg Billionaires Index shows that this is the largest asset in his $ 40.8 billion wealth.
Yass has become the largest gold owner in the 2024 election with his own net worth. So far, it has donated $ 46.4 million, which is mainly used on school selection issues.According to people familiar with the matter, he and the billionaire hedge fund John Paulson and former trading representative Littichzer were the Truster Minister of Finance that Donald Trump considers in November.
But in view of the shares of Yass in bytes, his connections are now closely watched -especially whether the relationship will be used to fight for support and kill the House of Representatives on Wednesday to pass the "ban without selling" bill.
The most obvious reversal signal came from Trump's public opposition last week.Before this statement, he participated in a donation event held by a conservative organization Club for Growth in Palm Beach in Florida, and Yass was one of the largest gold owners of the group.(Trump later accepted a CNBC interview that he had not discussed this problem with Yass.)
Club for Growth also sent Trump's former assistant Kellyanne Conway to lobby members to oppose Tiktok's ban.At the same time, Vivek Ramaswamy, who once said that the platform was "Digital Fentany", also issued an account on it.Support him to win a super -political action committee who has not worked hard to nominate the Republican presidential candidate to receive a donation from Yass last year.
Yass spokesman not to comment.
The bill of objection to 65 votes in the House of Representatives will be reviewed by the Senate.Most party leaders Chake Schumer has rejected it so far, and some senators, including Republican Rand Paul, have publicly objected.The promoter of the ban includes Republican politicians supported by Yass, such as Greg Abbott, Governor of Texas and Federal Senator Ted Cruz representing the state.
not easy to sell
Even if the proposal becomes the law and has adopted the wave of legal challenges in the expected waves, it is not easy to find a buyer for TIKTOK.
The most financial technology giants in the US business industry may face regulatory review, although Microsoft has reported to explore the acquisition of Tiktok's US business in 2020.
The Wall Street Journal reported that Bobby Kotick, a former CEO of Blizzard, expressed his interest in acquiring Tiktok, but he needed to raise funds through partners.(Byte beating denies that his co -founder Zhang Yiming has passed related matters with anyone).
Asset peeling needs to be approved by the Chinese government, and Beijing last year stated that it resolutely opposed the forced sale.
In addition to TIKTOK, the bytes of the headquarters in Beijing also operate the Chinese version of Douyin.The valuation basis when the byte beating proposed in December last year was about $ 268 billion.
Yass is not the only investor who bets a lot of funds on the byte beating.According to data providers Pitchbook, Caoli Group, KKR CO., SoftBank Group and General Atlantic all have shares.
But Susquehanna is one of the first investors.Yass established SIG China in 2005 to set up a venture capital company in China ’s technology industry. In 2012, he invested heets and held about 15%of the company's shares.Art Dantchik, co -founder of Susquehanna, is a member of the Board of Directors.
OpenSecrets summarized data showed that at that time, Yass was not a big gold master in the election campaign. He donated about $ 78,000 in the 2012 federal election cycle.In the mid -2022 election, his expenditure soared to $ 56.2 million, becoming the fourth largest donor.
