Frank McCourt, the billionaire businessman who wants to buy TikTok, told Business Insider that, despite a Friday court ruling allowing the TikTok ban’s looming January 19 deadline to proceed if the company isn’t sold, the path to a sale remains unclear because “we don’t know what ByteDance is selling.”
McCourt is among a small handful of investors, including former treasury secretary Steven Mnuchin and the former chief executive of Activision, Bobby Kotick, who’ve publicly said they want to buy TikTok.
Through Project Liberty, McCourt, the former Dodger’s owner and real estate developer, has put together a bid worth over $20 billion to purchase TikTok and usher in what he calls the dawn of an “alternative, upgraded internet” that allows users more control of their own personal data. Project Liberty includes both a for-profit entity and a nonprofit institution.
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