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The billionaire declined to share details on his sources of financing, but said private equity firms and family offices have reached out.
He said private equity firms and family offices have reached out to provide financing options. Read more at straitstimes.com.
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.
Frank McCourt said his Project Liberty consortium, which has bid to buy TikTok, would be comfortable sharing ownership of the app so long as it's hosted on tech developed by his nonprofit.