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Shares of Rumble (NASDAQ:RUM) rose over 10% on Tuesday after the company said it was ready to join a group of other parties to buy and operate TikTok in the U.S., if ByteDance (BDNCE) were to divest its ownership in the company.

In a post on X (formerly known as Twitter) addressed to TikTok boss Shou Zi Chew, CEO Chris Pavlovski said the company was ready to serve as a cloud technology partner.

Last week, a top Republican lawmaker said he would look for a House vote on a bill which would force ByteDance (BDNCE) to sell the app or face a ban in the U.S. The initiative came after the Energy and Commerce Committee had voted to approve the bill by a vote of 50-0.

The bill is the latest attempt by lawmakers to force TikTok to sever ties with ByteDance (BDNCE), amid mounting tensions over China and data privacy.

A 2020 attempt by former President Donald Trump to ban TikTok had been blocked by courts. The Biden administration later ordered a national security review, while Congress passed a bill to outlaw TikTok on federal devices.

As of the quarter ended September 30, 2023, Rumble (RUM) had 58 million average global monthly active users, and roughly $267 million in cash and equivalents. The conservative video platform backed by Peter Thiel is not profitable.

According to Statista, the brand value of TikTok/Douyin amounted to $84 billion in 2023, making it the most valuable unicorn worldwide.

Rumble has a market cap of $1.87 billion.