Other potential buyers include the philanthropist Frank Mccourt ’s Project Liberty, which is raising capital to make a bid for TikTok in order to “rearchitect the platform” and protect user data. McCourt is a billionaire who previously owned the Los Angeles Dodgers baseball team. The project is supported by the social psychologist Jonathan Haidt.
U.S. businessman Frank McCourt is open to teaming up with other ... and that he was open to billionaires Elon Musk or Larry Ellison, chairman of Oracle, buying the social media app.
Jimmy Donaldson - aka MrBeast - was jubilant as he told his tens of millions of TikTok followers about his bid to buy the platform. "I might become you guys' new CEO! I'm super excited!" Donaldson said from a private jet. He then proceeded to promise $10,000 to five random new followers.
Larry Ellison, co-founder of Oracle Corporation, has an estimated net worth of approximately $200 billion, currently placing him among the third richest person in the world, according to Forbes.
MrBeast, one of 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 Wednesday.
The billionaire declined to share details on his sources of financing, but said private equity firms and family offices have reached out.
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.
As TikTok faces a potential ban, various bidders, including Elon Musk and Larry Ellison, are seen as suitors to buy the platform. Netflix is a possible option among streaming giants, though the company has not historically pursued major acquisitions.
The clock is ticking down on TikTok's 75-day reprieve from divesting from its Chinese owners or being banned in the United States.
Perplexity AI, a free AI-powered search engine, revised its initial takeover offer for TikTok, which would allow the U.S. government to own up to 50% of "NewCo," the new company Perplexity is proposing,
President Trump tells reporters on Air Force One that Microsoft is the latest contender in the race to buy TikTok's US operations.
Oracle, in collaboration with a group of investors, including Microsoft, is reportedly in discussions to acquire TikTok’s global operations, according to NPR. The proposed deal would allow ByteDance,