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.

Billionaire Frank McCourt says he is open to others joining his bid for U.S. TikTok, January 23, 2025. "If, as things evolve, there are other financial arrangements, we don't need to own 100 percent of TikTok.

McCourt says he is waiting for ByteDance to engage with bid McCourt's Project Liberty aims to run TikTok on its own tech platform McCourt says existing TikTok investors are open to rollover equity ...

Frank McCourt, executive chairman of McCourt Global and founder of Project Liberty, discusses his latest bid to purchase TikTok as President Donald Trump gives the social media platform an extension from a ban.

Frank McCourt says he is open to teaming up with other buyers on a bid to take over the US operations for TikTok. He speaks with Bloomberg's Caroline Hyde and Michael Shephard. Ja

The law gives the president the option to extend the ban by 90 days, but triggering the extension requires evidence that parties working on purchasing have made significant progress, including binding legal agreements for such a deal — and TikTok’s parent company, ByteDance, hasn’t publicly updated its stance that the app is not for sale.

TikTok says it's "in the process" of restoring service to users in the United States after the popular video-sharing platform went dark in response to a new law.

MrBeast's tweet about buying TikTok to prevent its ban has sparked mixed reactions as he hints at potential backing from billionaires.

After the bipartisan TikTok law was signed by former President Joe Biden in April, ByteDance said it did not have plans to sell the platform and fought the statute in court for months. China also rebuked Washington over the divestment push, though more recently it appears to be softening its stance.

TikTok finds itself in Penelope’s position now—suitors are lining up to buy the social media site as it remains missing from the App Store and Google Play. Without a suitable buyer, American tech companies face big fines if the app returns.

MrBeast, the renowned YouTube sensation and entrepreneur, is in the spotlight as he engages in discussions with multiple parties interested in acquiring TikTok’s U.S. operations. Among the potential suitors is an all-cash bid spearheaded by Employer.