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LeftInTX

(34,013 posts)
15. Another one of Trump's cronies is planning on buying it.
Sat Jan 18, 2025, 07:49 PM
Jan 2025

Real estate mogul Frank McCourt, who is trying to buy TikTok's U.S. arm, reiterated his investor group's ability to make a deal and still comply with the Supreme Court's ruling on Friday.

Why it matters: Billionaire McCourt says he has the money and the technology to keep TikTok running on American phones.

Zoom in: McCourt appeared on CNBC on Friday after the Supreme Court upheld a U.S. law that requires ByteDance, TikTok's Chinese parent company, to either sell the app or shutter it inside the U.S. The ban would go into effect on Jan. 19.

McCourt pointed out that if the U.S. version is sold, the law says it needs to be disentangled from the Chinese technology that runs it.
"We, I believe, are the only bidder that meet that criteria," he told CNBC.
ByteDance has previously indicated that TikTok is not for sale.

https://www.axios.com/2025/01/17/mccourt-tiktok-bid-supreme-court

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