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Frank McCourt's Group Submits Official Offer to Acquire TikTok’s U.S. Operations

share-iconThursday, January 09 comment-icon1 week ago 8 views
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Frank McCourt's Group Submits Official Offer to Acquire TikTok’s U.S. Operations

Credited from: HUFFPOST

  • Frank McCourt, former owner of the Los Angeles Dodgers, leads a group in a bid to purchase TikTok's U.S. assets.
  • The initiative, called Project Liberty, aims to transition TikTok to an "American-made tech stack" to avoid a ban.
  • About 170 million U.S. users would benefit from the transition to American infrastructure emphasizing user control over data.
  • The financial backing includes contributions from private equity funds and support from TikTok creators and advisors.
  • The bid coincides with a critical Supreme Court hearing regarding TikTok's ownership and potential ban set for January 19.

For more details, visit the full article.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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