U.S. businessman Frank McCourt is open to teaming up with other buyers on a bid to take over the U.S. operations of TikTok as long as he can maintain control of the asset, he told Reuters at the Davos event on Thursday.
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.
The billionaire declined to share details on his sources of financing, but said private equity firms and family offices have reached out.
YouTube icon MrBeast is joining forces with Roblox CEO with an offer to buy TikTok that’s over $20B dollars to outbid Kevin O’Leary, but the content mogul might still side with the Shark Tank star.
After the bipartisan TikTok law was signed by former President Joe Biden in April, ByteDance said it did not have plans to sell the platform and fought the statute in court for months. China also rebuked Washington over the divestment push, though more recently it appears to be softening its stance.
At once, Frank McCourt, wearing a dramatic long Irish coat and an Afghan hat, addressed the bar: “Are any of my ex-wives here?” His two ex-wives were nowhere to be seen, but his future wife ...
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Frank McCourt, executive chairman of McCourt Global and founder of Project Liberty, discusses his latest bid to purchase TikTok as President Donald Trump gives the social media platform an extension from a ban.
Frank McCourt says he is open to teaming up with other buyers on a bid to take over the US operations for TikTok. He speaks with Bloomberg's Caroline Hyde and Michael Shephard. Ja
Billionaire Frank McCourt says he is open to others joining his bid for U.S. TikTok, January 23, 2025. "If, as things evolve, there are other financial arrangements, we don't need to own 100 percent of TikTok.
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.
MrBeast, the renowned YouTube sensation and entrepreneur, is in the spotlight as he engages in discussions with multiple parties interested in acquiring TikTok’s U.S. operations. Among the potential suitors is an all-cash bid spearheaded by Employer.