The billionaire declined to share details on his sources of financing, but said private equity firms and family offices have reached out.
Real estate mogul Frank McCourt, who is trying to buy TikTok's U.S. arm, reiterated his investor group's ability to make a deal and still comply with the Supreme Court's ruling on Friday. Why it matters: Billionaire McCourt says he has the money and the technology to keep TikTok running on American phones.
MrBeast, one of most successful Internet creators, may join a bid by real estate mogul and Project Liberty founder Frank McCourt to buy TikTok's U.S. arm, McCourt told Axios' Sara Fischer in Davos Wednesday.
McCourt wants to build a decentralized version of the internet where individual users, rather than tech companies, own the reams of data spawned by their online lives.
ByteDance has repeatedly stated it has no desire to sell TikTok, yet O’Leary has been persistent in his campaign to buy the U.S. arm of the platform — even without the algorithm in place.
Frank McCourt’s Project Liberty and other investors have submitted a bid to buy TikTok from China-based ByteDance after a court-ordered divestiture or shutdown.
A board member at TikTok’s parent company said that a deal to save the app from disappearing in the United States will be done soon.
Billionaire Frank McCourt is vying to acquire TikTok's U.S. operations, contingent on maintaining control. Interest from private equity and family offices accompanies his bid. U.S. political backing and the Supreme Court's decision fuel the competitive landscape as bidders anticipate a $20 billion purchase without TikTok's algorithm.
Frank McCourt, a billionaire investor who has campaigned to make the internet safer through his Project Liberty foundation, has made a bid for TikTok. McCourt told NBC News' Kate Snow that he will make "fundamental" changes to the app if his bid is successful.
Businessman Frank McCourt is "open-minded" to keeping TikTok's existing investors, including the founder, involved after any deal to buy the U.S. operations of the Chinese-owned short-form video app,
President Donald Trump told reporters Saturday, "Numerous people are talking to me, very substantial people, about buying" TikTok.
TikTok is a huge part of American online culture, with millions of users consuming, posting and sharing content every day. But the app’s future in the U.S. is uncertain. If its parent company, ByteDance, doesn’t agree to a sale, TikTok faces a nationwide ban following the passage of a national security law in April.