Reported about 10 hours ago
Billionaire Frank McCourt expressed his willingness to retain TikTok's existing investors, including its founder, in his bid to acquire the app's U.S. operations from Chinese parent company ByteDance. His consortium has made a formal offer valuing TikTok at around $20 billion without its algorithm. McCourt emphasized that the deal is not contingent on involvement from U.S. investment firms that hold stakes in ByteDance and asserted that Project Liberty has developed technology to mitigate national security concerns linked to TikTok.
Source: YAHOO