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.
The billionaire declined to share details on his sources of financing, but said private equity firms and family offices have reached out.
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.
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.
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.
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.
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,
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.
Elon Musk was recently linked with buying the US arm of ByteDance’s flagship app but those reports were quickly dismissed
Mr. Wonderful” Kevin O’Leary is partnering up with another investor in a bid to save TikTok and hopes China and the Supreme Court will allow them to make it “wonderful
The popular platform could be banned on Jan. 19 under a federal law, while many parties have expressed interest in buying the asset.
The high-profile names who could potentially buy TikTok following the Supreme Court's decision to uphold the law banning the platform in the US.