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Reddit co-founder Alexis Ohanian joins Frank McCourt’s bid for TikTok

  • Frank McCourt announced that Alexis Ohanian has joined his bid to acquire TikTok's U.S. Operations as a strategic adviser specializing in social media, forming part of what they call 'The People's Bid.'
  • McCourt's bid includes $20 billion in commitments from investors and aims to address U.S. National security concerns regarding TikTok.
  • Ohanian expressed excitement about empowering users and the project's goal of giving control over data back to them, stating, 'That's what got me excited about The People's Bid.'
  • The group behind the bid includes notable figures such as 'Shark Tank' star Kevin O'Leary and tech entrepreneur Jesse Tinsley, highlighting the widespread interest in acquiring TikTok.
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Channel News Asia broke the news in Singapore on Monday, March 3, 2025.
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