Frank McCourt's group plans to bid for TikTok's U.S. assets to operate it under American control.

Billionaire Frank McCourt's Project Liberty, known as The People's Bid, plans to bid for TikTok's U.S. assets before the January 19 deadline set by President Biden. The group aims to keep the platform operational and compliant with U.S. laws by redesigning it to operate under American ownership. They have secured financial backing from major investors and a large U.S. bank, but the bid's value remains undisclosed.

3 months ago
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