Frank McCourt, billionaire entrepreneur and former owner of the Los Angeles Dodgers, expressed his willingness to collaborate with other buyers to acquire TikTok’s U.S. operations—provided he maintains control of the platform. Speaking at the World Economic Forum in Davos, McCourt revealed that existing TikTok investors are open to rolling over equity, potentially lowering the estimated $20 billion acquisition cost.
Thank you for reading this post, don't forget to subscribe!McCourt plans to integrate TikTok’s 170 million U.S. users into his Project Liberty platform, which emphasizes user data sovereignty. Despite lacking access to TikTok’s proprietary algorithm, McCourt envisions a swift migration to U.S.-based infrastructure within a year if his bid succeeds.
The race to acquire TikTok has drawn interest from major figures like Elon Musk, Larry Ellison, and investment firms linked to Saudi Prince Alwaleed Bin Talal. With bipartisan Congressional backing for a sale or ban, McCourt remains optimistic about meeting the legal and operational criteria to finalize the deal.
