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.
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.
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.
China’s foreign and commerce ministries didn’t immediately respond to requests for comment on whether Beijing would allow the American government to own part of TikTok.
NEW YORK (AP) — The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its U.S. operations.
(Reuters) -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 ...
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.
With multiple suitors circling and Trump framing the situation as a deal-making exercise, TikTok's U.S. future is still up in the air. If a resolution is reached, it could set a precedent for tech ownership disputes between the U.
"In my opinion, TikTok should not be banned in the USA, even though such a ban may benefit the X platform,” Elon Musk wrote on X in April. "Doing so would be contrary to freedom of speech and expression. It is not what America stands for." To note, a TikTok spokesperson told the BBC that the Bloomberg report was "pure fiction."
The owners behind TikTok and other Chinese officials are debating what to do in the event that the U.S. Supreme Court upholds a law that would force a sale or ban TikTok in the U.S. Things are looking like they might be ruled that way,
WASHINGTON (Reuters) -The Supreme Court upheld on Friday a law banning TikTok in the United States on national security grounds if its Chinese parent company ByteDance does not sell it, putting the popular short-video app on track to go dark in just two days.