6 days ago · Billionaire Frank McCourt says he is open to teaming up on a TikTok bid. ... ByteDance, or the Chinese government to make a decision about the future of U.S. TikTok," said McCourt, who spoke on ...

Jan 17, 2025 · ByteDance's overall valuation is estimated to be around $300 billion. McCourt on Friday said the U.S. version of TikTok is a small fraction of ByteDance's overall value, asserting it's around 8% of the revenue and less then 8% of the user base. He added that any deal would come without ByteDance's existing algorithm that powers the U.S. version.

Jan 10, 2025 · Still, at least one suitor has tossed his hat in the ring to buy TikTok without its algorithm: the billionaire Frank McCourt, who sent ByteDance a letter on Thursday proposing a deal. Mr....

Jan 17, 2025 · Of all the contenders to purchase TikTok from Chinese tech giant ByteDance so it doesn’t get banned in the United States, Frank McCourt is the only one thus far who has put his money where his...

Jan 9, 2025 · A group formed by billionaire entrepreneur and former Los Angeles Dodgers owner Frank McCourt has made a formal offer to buy TikTok from its China-based parent company, ByteDance.

6 days ago · 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 ...

Jan 9, 2025 · “We’ve put forward a proposal to ByteDance to realize Project Liberty’s vision for a reimagined TikTok – one built on an American-made tech stack that puts people first,” said Frank McCourt, Founder of Project Liberty. “By keeping the platform alive without relying on the current TikTok algorithm and avoiding a ban, millions of ...

May 15, 2024 · Billionaire businessman and real estate mogul Frank McCourt said Wednesday that he’s putting together a consortium to purchase TikTok’s U.S. business, adding to the number of investors hoping to benefit from a new federal law that requires TikTok’s China-based parent company to sell the popular platform or face a ban.

Dec 13, 2024 · Why the real estate billionaire Frank McCourt thinks his Project Liberty plan to buy TikTok will not only rescue the app from a US ban, but make the internet better for creators.

May 16, 2024 · Frank McCourt is organizing a group to acquire TikTok's US business through Project Liberty. US lawmakers voted to ban the Chinese-owned app unless the US arm sold within a year. McCourt's...