Selling the app could be difficult, given its scale and nine-figure price. If TikTok’s parent company, the Chinese firm ByteDance, is forced to sell the app, who would buy it? ByteDance has said a sale is not feasible.
Billionaire Frank McCourt's Project Liberty and several partners offered few details on their plan to buy the U.S. assets of the platform, announced the day before the high court will decide its fate.
The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.
Frank McCourt’s Project Liberty consortium has proposed to buy TikTok’s US assets, securing financial backing for the deal.
The internet advocacy group’s proposed purchase would bring TikTok under American ownership and prevent it from being banned in the U.S.
Canadian entrepreneur Kevin O’Leary has announced a reported partnership with real estate magnate Frank McCourt to purchase TikTok. This acquisition, which O’Leary described as a
Kevin O’Leary, star of Shark Tank, has announced his partnership with former Dodgers owner Frank McCourt to bid for TikTok’s U.S. operations, potentially preventing the app from facing a government-mandated ban.
McCourt's Project Liberty proposes a bid for the US operations of TikTok. McCourt's Project Liberty Proposes Bid
The U.S. Supreme Court justices on Friday expressed skepticism about a challenge from TikTok and its Chinese parent company ByteDance against a law signed by President Joe Biden, which would force the sale or ban of the popular short-video app by Jan.
McCourt sold the Los Angeles Dodgers for a hefty sum in 2012. Here’s how he’s been building his business and media empire since, and setting up a potential consortium to purchase TikTok.
As TikTok heads to Supreme Court, analysts see Meta stock and Google as likely beneficiaries of a ban on the app.