![A new potential buyer for TikTok has emerged, billionaire, Frank McCourt, who wants to fundamentally change the app and the internet.](https://san.com/wp-content/uploads/2024/05/CLEAN-GettyImagesMcCourt_Getty_featuredImage_Wed-May-15-2024.jpg?w=1920)
Potential buyer of TikTok emerges in hopes of fundamentally changing app
May 15
By Lauren Taylor (Anchor), Evan Hummel (Producer), Jake Maslo (Video Editor)
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below.
Learn more about this dataLeft 37%
Center 53%
Right 10%
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Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on Associated Press News
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on abc News
Real estate mogul Frank McCourt readying U.S. TikTok bid
Click to see story on The Washington Post
Ex-Dodgers owner Frank McCourt is forming an investment group to bid for TikTok
Click to see story on Los Angeles Times
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on Coast Reporter
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on Star Tribune
Billionaire Frank McCourt’s Project Liberty forms consortium to bid for TikTok
Click to see story on NBC News
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on Rocky Mountain Outlook
Billionaire Frank McCourt putting together group to buy TikTok
Click to see story on Inquirer
Frank McCourt, the owner of OM, wants to buy TikTok in the United States
Click to see story on Liberation
Billionaire Real Estate Mogul Hopes to Turn TikTok Into His Utopian Internet Dream
Click to see story on Gizmodo
Click to close
US billionaire Frank McCourt says he’s readying bid to buy TikTok
Click to see story on South China Morning Post
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on Winnipeg Free Press
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on WPLG
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on News 4 JAX
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on WKMG
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on Click on Detroit
Former Dodgers owner Frank McCourt says he’s putting together consortium to buy TikTok
Click to see story on abc 7 LA
Who Is Frank McCourt, The Billionaire Trying To Buy TikTok?
Click to see story on Forbes
Frank McCourt’s Project Liberty forms consortium to bid for TikTok’s US operations
Click to see story on WTVB
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on KOB 4
Billionaire Frank McCourt announces idealistic TikTok bid
Click to see story on Fortune
Frank McCourt Organizing a People’s Bid to Acquire TikTok
Click to see story on PR Newswire
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on BRPROUD
Billionaire Frank McCourt wants to buy TikTok
Click to see story on WSPA
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on KSL
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on castanet.net
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Untracked Bias
Billionaire Frank McCourt says he is putting together a consortium to buy TikTok
Click to see story on Shropshire Star
The billionaire McCourt Foundation competes to buy TikTok
Click to see story on 大纪元 www.epochtimes.com
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on My Mother Lode
Olympique Marseille owner: US billionaire Frank McCourt has expressed interest in TikTok.
Click to see story on rnd.de
Realty mogul Frank McCourt plans bid for TikTok in US
Click to see story on The Economic Times
Billionaire tech critic Frank McCourt says he is preparing a “people’s bid” to buy and rebuild TikTok so users “own and control their identity and their data”
Click to see story on Techmeme
Why does the owner of OM want to buy TikTok? McCourt’s motivations.
Click to see story on actu.fr
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok – The Morning Sun
Click to see story on Morning Sun
Billionaire Frank McCourt Plans TikTok Takeover with Consortium
Click to see story on Celeb Tattler
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39 other sources covering this story
Total News Sources
39
Leaning Left
11
Center
16
Leaning Right
3
Last Updated
1 month ago
A new U.S. law signed by President Joe Biden on April 24 is forcing ByteDance, the parent company of TikTok, to sell the app by Jan. 19 or face a ban in the United States. Meanwhile, a potential buyer has emerged and he’s hoping to fundamentally change the app and social media.
Former Los Angeles Dodgers owner, billionaire Frank McCourt, said on Wednesday, May 15, his organization, Project Liberty, is gathering bidders to buy TikTok.
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McCourt said his goal is reinvent and reimagine how TikTok and the internet considers data and privacy. McCourt told The New York Times that the timing is right.
“This seemed like a great opportunity to actually create the alternative to the current internet, which has been colonized by large platforms,” McCourt said.
In another interview with Semafor, McCourt praised the app but also offered a serious warning.
“TikTok presents the best and the worst of the internet,” McCourt said. “It connects 170 million people and allows them to be creative and build things and enjoy things and do things. On the other hand, they don’t get to really share in the value that’s created, and their data is scraped and stolen and shipped to China.”
McCourt said that his takeover could help people “control their identity and control their data.” His organization is already working to limit the control that tech giants like Facebook and TikTok have over user information.
McCourt’s bid is still early on and he hasn’t named a valuation. Selling TikTok is reportedly difficult because of its algorithms, which are critical to the app’s success. McCourt said he “doubts” China would sell TikTok with the algorithm, but he’s interested without the algorithm. McCourt said it’s because he is “talking about a different architecture.”
The law forcing the sale of TikTok was passed over national security concerns. The White House said that China’s link to the app was a threat to the U.S. ByteDance has stated it would prefer shutting down TikTok in the U.S. instead of selling it to an American firm, if it can’t beat the U.S. law in court.
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ByteDance is suing the United States government to block the law, alleging it infringes on First Amendment rights. Now, a group of TikTok users is suing the federal government. The users claim the new law violates their First Amendment rights by stifling a communication method and inhibiting content creation and viewing experiences.
[LAUREN TAYLOR]
THE CLOCK IS TICKING FOR TIKTOK’S PARENT COMPANY TO SELL THE APP BY JANUARY 19TH OR BE BANNED IN THE U-S.
A NEW LAW BACKED BY REPUBLICANS AND DEMOCRATS AND SIGNED BY PRESIDENT BIDEN IS FORCING CHINA-LINKED BYTEDANCE TO DIVEST TIKTOK OR SEE THE APP BARRED FROM AMERICANS’ PHONES.
NOW A POTENTIAL BUYER HAS EMERGED AND HE’S HOPING TO FUNDAMENTALLY CHANGE THE APP AND SOCIAL MEDIA.
FORMER LOS ANGELES DODGERS OWNER, BILLIONAIRE, FRANK MCCOURT SAID WEDNESDAY HIS ORGANIZATION, PROJECT LIBERTY, IS GATHERING BIDDERS TO BUY TIKTOK.
HE SAYS HIS GOAL IS TO REMAKE AND REIMAGINE HOW TIKTOK AND THE INTERNET CONSIDERS DATA AND PRIVACY.
MCCOURT TOLD THE NEW YORK TIMES THE TIMING WAS RIGHT, SAYING:
“THIS SEEMED LIKE A GREAT OPPORTUNITY TO ACTUALLY CREATE THE ALTERNATIVE TO THE CURRENT INTERNET. WHICH HAS BEEN COLONIZED BY LARGE PLATFORMS AND INCLUDING TIKTOK.”
IN AN INTERVIEW WITH SEMAFOR, HE PRAISED THE APP BUT OFFERED A SERIOUS WARNING, STATING:
“TIKTOK PRESENTS THE BEST AND WORST OF THE INTERNET. IT CONNECTS 170 MILLION PEOPLE AND ALLOWS THEM TO BE CREATIVE AND BUILD THINGS AND ENJOY THINGS AND DO THINGS. ON THE OTHER HAND, THEY DON’T GET TO REALLY SHARE IN THE VALUE THAT’S CREATED, AND THEIR DATA IS SCRAPED AND STOLEN AND SHIPPED TO CHINA.”
MCCOURT SAYS HIS TAKEOVER COULD HELP PEOPLE “CONTROL THEIR IDENTITY, AND CONTROL THEIR DATA.”
HIS ORGANIZATION PROJECT LIBERTY IS ALREADY WORKING TO LIMIT THE CONTROL TECH GIANTS LIKE FACEBOOK AND TIKTOK HAVE OVER USER INFORMATION.
MCCOURT’S BID IS STILL EARLY ON AND HE HASN’T NAMED A VALUATION.
SELLING TIKTOK IS REPORTEDLY DIFFICULT BECAUSE OF ITS ALGORITHMS, WHICH ARE VITAL TO IT SUCCESS.
MCCOURT “DOUBTS” CHINA” WOULD SELL TIKTOK WITH THE ALGORITHM BUT HE’S INTERESTED WITHOUT IT BECAUSE, “HE’S TALKING ABOUT A DIFFERENT ARCHITECTURE.”
THE LAW FORCING THE SALE OF TIKTOK WAS PASSED OVER NATIONAL SECURITY CONCERNS.
THE WHITE HOUSE SAID CHINA’S LINK TO THE APP WAS A THREAT TO THE U-S. BYTEDANCE HAS STATED IT WOULD PREFER SHUTTING DOWN TIKTOK IN THE U-S INSTEAD OF SELLING IT AN AMERICAN FIRM IF IT CAN’T BEAT THE U-S LAW IN COURT.
BYTEDANCE IS SUING THE U-S GOVERNMENT TO BLOCK THE LAW, ALLEGING IT INFRINGES ON FIRST AMENDMENT RIGHTS.
NOW A GROUP OF TIKTOK USERS ARE SUING THE FEDERAL GOVERNMENT, ALSO CLAIMING THE NEW LAW VIOLATES THEIR FIRST AMENDMENT RIGHTS– BY STIFLING A COMMUNICATION METHOD AND INHIBITING CONTENT CREATION AND VIEWING EXPERIENCES.
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Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below.
Learn more about this dataLeft 37%
Center 53%
Right 10%
Bias Distribution
Far
Left
+0
Click to close
Left
+0
Click to close
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on Associated Press News
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on abc News
Real estate mogul Frank McCourt readying U.S. TikTok bid
Click to see story on The Washington Post
Ex-Dodgers owner Frank McCourt is forming an investment group to bid for TikTok
Click to see story on Los Angeles Times
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on Coast Reporter
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on Star Tribune
Billionaire Frank McCourt’s Project Liberty forms consortium to bid for TikTok
Click to see story on NBC News
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on Rocky Mountain Outlook
Billionaire Frank McCourt putting together group to buy TikTok
Click to see story on Inquirer
Frank McCourt, the owner of OM, wants to buy TikTok in the United States
Click to see story on Liberation
Billionaire Real Estate Mogul Hopes to Turn TikTok Into His Utopian Internet Dream
Click to see story on Gizmodo
Click to close
US billionaire Frank McCourt says he’s readying bid to buy TikTok
Click to see story on South China Morning Post
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on Winnipeg Free Press
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on WPLG
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on News 4 JAX
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on WKMG
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on Click on Detroit
Former Dodgers owner Frank McCourt says he’s putting together consortium to buy TikTok
Click to see story on abc 7 LA
Who Is Frank McCourt, The Billionaire Trying To Buy TikTok?
Click to see story on Forbes
Frank McCourt’s Project Liberty forms consortium to bid for TikTok’s US operations
Click to see story on WTVB
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on KOB 4
Billionaire Frank McCourt announces idealistic TikTok bid
Click to see story on Fortune
Frank McCourt Organizing a People’s Bid to Acquire TikTok
Click to see story on PR Newswire
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on BRPROUD
Billionaire Frank McCourt wants to buy TikTok
Click to see story on WSPA
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on KSL
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on castanet.net
Click to close
Far
Right
+0
Click to close
Untracked Bias
Billionaire Frank McCourt says he is putting together a consortium to buy TikTok
Click to see story on Shropshire Star
The billionaire McCourt Foundation competes to buy TikTok
Click to see story on 大纪元 www.epochtimes.com
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Click to see story on My Mother Lode
Olympique Marseille owner: US billionaire Frank McCourt has expressed interest in TikTok.
Click to see story on rnd.de
Realty mogul Frank McCourt plans bid for TikTok in US
Click to see story on The Economic Times
Billionaire tech critic Frank McCourt says he is preparing a “people’s bid” to buy and rebuild TikTok so users “own and control their identity and their data”
Click to see story on Techmeme
Why does the owner of OM want to buy TikTok? McCourt’s motivations.
Click to see story on actu.fr
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok – The Morning Sun
Click to see story on Morning Sun
Billionaire Frank McCourt Plans TikTok Takeover with Consortium
Click to see story on Celeb Tattler
Click to close
39 other sources covering this story
Total News Sources
39
Leaning Left
11
Center
16
Leaning Right
3
Last Updated
1 month ago
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