Some South Dakota leaders are backing a bid to buy the social media app TikTok.
In February, Wyoming entrepreneur Reid Rasner and his company Rasner Media LLC announced a $47 billion bid to acquire a controlling stake in the app.
Gov. Larry Rhoden expressed support for Rasner Media’s bid. He said though it’s early, conversations about South Dakota as a potential location for the company have been had.
“I really don’t have details, you know. I had the initial conversation with Rasner, and it was very interesting, very intriguing," Rhoden said. "Just the level of interest that he showed in South Dakota was very intriguing to me. I’m very anxious to get more details, and more information as we move through this."
Rasner indicated in the past it wanted to base the app in Wyoming.
In its most recent news release, the company said “no final decision has been made on operational locations” but that it “has committed to ensuring South Dakota remains a key partner.”
Other supporters of the bid were the South Dakota Retailers Association and South Dakota State Chamber of Commerce.
