US EditionBillionaire Frank McCourt says he's putting together a consortium to buy TikTok
- Frank McCourt is assembling a group to buy TikTok's U.S. business, aiming to prioritize people and data on the platform.
- The team for the bid includes Frank McCourt, the Dodgers' former owner, and investment bank Guggenheim Securities.
- McCourt plans to restructure TikTok for more user control by moving it to an open-source system, if the purchase proceeds.
42 Articles
42 Articles
Billionaire real estate investor Frank McCourt wants to buy TikTok — but he's not interested in the algorithm
Frank McCourt.Claude Paris/APFrank McCourt is organizing a group to acquire TikTok's US business through Project Liberty.US lawmakers voted to ban the Chinese-owned app unless the US arm sold within a year.McCourt's group aims to change TikTok's infrastructure and reclaim digital identities and data.Real estate mogul Frank McCourt is the latest person to raise his hand to try to acquire TikTok's US business.McCourt said on Wednesday that he is a…
US billionaire Frank McCourt mounts a bid to Buy TikTok
Ever since Congress passed a bill that would force Chinese company ByteDance to sell or shut down TikTok, one of the biggest questions has been: Who could buy it, given technological, political and financial considerations? Read full story
American billionaire Frank McCourt announces setting up an investor consortium to buy the threatened US-banned network. A network that, for now, categorically refuses to be resold.
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