McCourt wants to build a decentralized version of the internet where individual users, rather than tech companies, own the reams of data spawned by their online lives.

The billionaire declined to share details on his sources of financing, but said private equity firms and family offices have reached out.

President Donald Trump said late Monday he hoped there would be a “bidding war” for TikTok, claiming Microsoft is now among the companies interested in buying ByteDance’s popular social ...

TikTok is a huge part of American online culture, with millions of users consuming, posting and sharing content every day. But the app’s future in the U.S. is uncertain. If its parent company, ByteDance, doesn’t agree to a sale, TikTok faces a nationwide ban following the passage of a national security law in April.

Elon Musk was recently linked with buying the US arm of ByteDance’s flagship app but those reports were quickly dismissed

The popular platform could be banned on Jan. 19 under a federal law, while many parties have expressed interest in buying the asset.

A board member at TikTok’s parent company said that a deal to save the app from disappearing in the United States will be done soon.

Frank McCourt is open to partnerships for acquiring TikTok's U.S. operations, prioritizing control over finances. He plans to migrate users to Project Liberty's platform. McCourt's bid, amidst U.S. government's TikTok scrutiny and judicial actions,

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::"If, as things evolve, there are other financial arrangements, we don't need to own 100 percent of TikTok." // “We met with a number of elected officials on both the House and the Senate side and on both sides of the aisle to just get the pulse of what people are thinking.

Frank McCourt said his Project Liberty consortium ... which keeps users hooked on the app. Its unclear if ByteDance will sell TikTok or if China will agree to any kind of sale of the app in ...

President Donald Trump is in the middle of a chaotic race to secure the future of TikTok in America. Speaking aboard Air Force One en route to Florida on Jan.