Billionaire Frank McCourt Leads Formal Offer To Buy TikTok—Here’s Everything We Know As Ban Looms

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Billionaire Frank McCourt Leads Formal Offer To Buy TikTok—Here’s Everything We Know As Ban Looms
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The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.

Southern Winter Storm: Up To 10 Inches Could Fall In Texas As Warnings And Watches Spread—Here’s What To KnowThe People's Bid for TikTok, a project a spearheaded by Project Liberty founder and billionaire investor Frank McCourt, has delivered a proposal to the video app's Chinese parent company ByteDance to buy TikTok's U.S. assets ahead of a ban on the popular social media app set to take effect Jan. 19.

in TikTok as of this March and has financially backed conservative lawmakers opposing the ban, such as Sen. Rand Paul, R-Ky., and Rep. Thomas Massie, R.-Ky., donating $24 million and $32,200 to each, respectively, according tothreatened to stop donating to Congress members who support the ban against TikTok, which would threaten his multi-billion dollar investment in the app.

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