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.
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.
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, the internet’s most-followed and highest-earning content creator, has joined a new bid to buy TikTok.
TikTok will be banned in the US on 19 January - unless the Supreme Court accepts a last ditch legal bid from its Chinese owner, ByteDance, that to do so would be unconstitutional.
With the prospect of TikTok disappearing in the U.S., creators on the app spent the week posting heartfelt goodbyes to their fans.
Frank McCourt The former Dodgers owner and former ... Related stories MrBeast Donaldson, whose goes by MrBeast on YouTube, where he's amassed 344 million subscribers, said in a post on X on ...
TikTok is now accessible again in the United States. Just how long that lasts will likely depend on incoming President Donald Trump. TikTok restored access for American users midday on Sunday after a whirlwind 14 hours during which the app temporarily shut itself down.
The clock has run out on TikTok — at least for now. Late Saturday night, TikTok became unusable for Americans, who were met with a message saying the app was offline and asking users to “stay tuned.”
MrBeast, one of the 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 on Wednesday.