Reported 2 days ago
Billionaire Frank McCourt expressed continued interest in acquiring TikTok if its Chinese owner, ByteDance, is compelled to sell due to U.S. legislation. The law requires the app to be sold to an American buyer by January 19, 2025, or face a ban. McCourt's Project Liberty is currently exploring options and has garnered substantial financial support for the bid. However, ByteDance seeks to block the law's enforcement as it navigates legal challenges surrounding the issue.
Source: YAHOO