Billionaire Frank McCourt Wants to Buy TikTok. Here’s Why He Thinks He Could Save It
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Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
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. McCourt is organizing the bid []
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Billionaire real estate investor Frank McCourt wants to buy TikTok — but he's not interested in the algorithm
Real estate mogul Frank McCourt is the latest person to raise his hand to try to acquire TikTok's US business.McCourt said on Wednesday that he is assembling a group of specialists, including investment bank Guggenheim Securities and law firm Kirkland & Ellis, as well as technology experts, academics, and parents, to consult on buying the US division of the viral social media app.The announcement follows a decision by US lawmakers last month to ban Chinese-owned TikTok from US app stores unless...
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Analyst sees TikTok's role in Chinese cognitive warfare
The Chinese-owned video app TikTok is a major element of what the Chinese military calls “cognitive warfare,” according to a national security expert.